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  1. Congratulations to CAAMP's 2009 Mortgage Hall of Fame inductees: John Donald, Gerald Soloway, and John Webster. http://bit.ly/7kePDF
  2. "The prudent thing, for anyone getting a mortgage today, would be to budget for a (rate) increase of about 3% upon renewal." - Peter Kinch
  3. CAAMP has 12,000 members. 3,600 have their AMP designation. 17% of Canadians have heard of the AMP--a big branding success in 5 short years.
  4. 19% of consumers vs 60% of mort. brokers say it's a "very good time to buy real estate." There is too much "overoptimism" in our industry.
  5. “Our least favourite measure [of home prices] is an affordability measure that compares payments to income." - Scotia http://bit.ly/7xvwxF
  6. "We're seeing about 70 to 80% of our applications going for 5-year fixed-rate mortgages." - ING's Martin Beaudry. http://bit.ly/1nPr8l
  7. 14% of U.S. homeowners are in arrears on their mortgage, a new high. http://bit.ly/2alNcG
  8. Inflation rose for the first time in 5 months. Economists say it shouldn't concern the Bank of Canada, however. http://bit.ly/3gcR3q
  9. "...interest rates tend to move higher a lot faster than they move lower." - BMO economist, Doug Porter. http://bit.ly/1aoMVj
  10. Mortgage interest costs comprise 5.6% of the CPI. These costs are based on a 25-year weighted average of home prices. http://bit.ly/HacTw
  11. Another strong Canada Mortgage Bond issuance: http://bit.ly/w5ceU
  12. ATB Financial's mortgage volume leaped 12.7% this year, due largely to its ultra-low 5yr mortgage promo in June. http://bit.ly/1dBQAA
  13. In the 2nd quarter, "nearly half of Canadian mortgage originations were insured (i.e. with < 20% down payments)." http://bit.ly/4bfESv
  14. "This (real estate) market is rich no matter how you slice it." - Scotia Capital
  15. Katherine Gregory, CEO of mortgage servicer Paradigm Quest, is Profit magazine's top women entrepreneur to watch. http://bit.ly/gD3Tq
  16. Scotia sees a real estate bubble and a "relative demand vacuum" when rates rise. BMO sees no bubble. HSBC isn't sure. http://bit.ly/1Dm9fS
  17. Certain uncompetitive lenders are asking for minimum volumes from brokers, but who would sacrifice a client's needs for a lender's benefit??
  18. In March, Sun Life reps will start offering National Bank All-in-One and conventional mortgages on a "referral basis." http://bit.ly/4ofsCw
  19. Broker, Bob Quinlan, says banks want to persuade clients into fixed rates. He says go variable instead for 9-12 months. http://bit.ly/37maRs
  20. Fraudsters are now actively targeting people in or near foreclosure: http://bit.ly/4DuJQ9