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Archive for Lending Line

Industry giant Ron Butler launches his “Angry Mortgage” podcast

Industry giant Ron Butler launches his “Angry Mortgage” podcast After facing building pressure to host his own podcast, Ron Butler–one of the biggest names in the mortgage industry—this week launched his inaugural episode.

CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers

  There was a simple but important lesson for mortgage brokers in CMHC’s 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients. In a high-interest rate environment like today’s, borrowers are understandably less satisfied with their mortgage options. The Canada Mortgage and Housing Corporation’s (CMHC) survey revealed a hard truth that mortgage […]

Manulife One offers unique options to brokers and their clients

  Advertorial By:Manulife Bank Virtually every client to whom Nicole Hayes recommends Manulife One ultimately chooses it as their mortgage product. They are also more likely to provide positive feedback and referrals. While it may take a little extra time to educate them about the unique product, the Langley, B.C.-based mortgage expert says that once […]

Mortgage renewal strategies in today’s high interest rate environment

  The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals. The market has never experienced such a dramatic rise in the overnight rate over such a short period of time. As a result, brokers […]

Critics say OSFI’s proposed mortgage changes could do more harm than good

Critics say OSFI’s proposed mortgage changes could do more harm than good

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.

Interest rates expected to fall to 3.00% by end of 2024

Interest rates expected to fall to 3.00% by end of 2024 The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

Could diversified funding be the latest trend for alternative mortgages?

  Advertorial By:Glasslake Funding As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure. With diversified funding as an option for credit-worthy borrowers, brokers can act as a beacon of hope, navigating a […]

OSFI considering the need for additional regulations on existing mortgages

OSFI considering the need for additional regulations on existing mortgages