Independent mortgage brokerage Mortgage Alliance is introducing a new product and process designed to demystify the mortgage pricing for consumers.Mortgage Alliance says it spoke with hundreds of consumers to develop its Right Mortgage product, and discovered varying concerns expressed by people about how the mortgage products and process was presented to them.“We can now meet […]
Longer amortization, flexible terms keep mortgage industry buoyant
MortgageBrokers.com Financial Group of Companies Inc. says it has signed agreements with an additional 24 mortgage and loan professionals, representing the potential of over $550 million in supplemental mortgage originations.The company now has additional or new representation in Alberta, Ontario, and Atlantic Canada.Annette Hutcheon, Sandy Doherty, Jean Mann, Steve Semenov, Nikola Janketic, Janos Gregus, David […]
Adds $120 million in mortgage originations
Mortgage originators expected to contribute an estimated book of business of $100 million
Mortgage brokers and agents will be able to apply in anticipation of the new act
Deal worth $50 million in mortgage origination
The Ontario legislature moved improve consumer protection with the successful third reading of the Mortgage Brokerages, Lenders and Administrators Act, 2006.“Obtaining a mortgage to buy a home is likely the biggest financial commitment families will make,” said Finance Minister Greg Sorbara. “This legislation protects Ontarians by improving the accountability of the industry, and modernizing financial […]
Comments due by Jan. 19, 2007
Consumers using a mortgage broker are significantly happier than those using traditional approaches