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Latest News
As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st
With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward..... More »
Beware of “Friendly” Calls From Your Bank + MORE Jun 9th
For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offerin.... More »
Mortgage seekers wonder: broker or bank? Apr 24th
Home buyers contemplate the broker one-stop-shop approach, versus a broader financial picture with their bank
.... More »
Oil shock could keep rates higher for longer, analyst warns + MORE Mar 19th
A prolonged Middle East conflict could push oil prices higher, adding to inflation pressures and raising risks for mortgage rates and household affordability..... More »
Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums + MORE Mar 22nd
Note: Mortgage insurance premium increases go into effect on March 17th, 2017.
If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance.
The Canadian Mortgage and Housing Corporation recently announced it will increase the pre.... More »
Newton Challenges the D+H Franchise
– canadianmortgagetrends.com
For the first time in forever, D+H has a major threat to its mortgage software dominance. Newton Connectivity Systems—the old Marlborough Stirling Canada, and a Dominion Lending Group company—is launching “Velocity.” Velocity is a cloud-based desktop for mortgage brokers. In a nutshell, it lets brokers send applications to lenders, pull credit reports, store client documents securely, email conditions updates to applicants, route documents to lenders and send automated marketing emails and newsletters. The platform launches March 1 and basic connectivity and deal submission is free to all brokers. A CRM add-on will sell later for $50 a month. The new front-end is built partly on Otto, READ MORE
