Angry Mortgage

Send us a textWhen we record the Pod on Friday there was still debate when Tariffs will start & whether Oil & Gas would be a carve out but please hear this: the volatility on Mortgage Rates is big. Huge fluctuations in 3 & 5 year bond yields are creating a Roller Coaster effect which may lead to lower rates this weekResale Purchase business had ticked up in January but still tons of listings so a Buyers' Market which creates some of its own chaosBottom line? Mortgage Borrowers MUST shop for best rateSupport the show

Send us a textScott is the Manager for the Biggest Private Consumer Insolvency Firm in Ontario: Hoyes Michalos. Insolvencies based on Real Estate related issues have soared in the last 18 months.& Scott has the insights & analysis from the ground floor of the financial disaster zonesThe lessons of Co-signers, the perils of building a rental empire, the confluence of everything going wrong at once & what can be done to work out debt problems. An episode packed with unique insights .Support the show

Join Sacha Fabry, a seasoned front-line mortgage broker who navigates the challenges of borrower inquiries daily. In this discussion, Sacha reveals common borrower concerns about rising renewal rates and debunks myths surrounding mortgage offers. He emphasizes the importance of thorough rate comparison and questions whether getting a mortgage is becoming more challenging. With insights on Ontario's fluctuating market and the impact of rising interest rates, Sacha's expertise sheds light on the current mortgage landscape.

Send us a textWe needed a bigger Podcast to accommodate one of the most important people in the Mortgage Business: John Webster. John's contribution to the Mortgage Brokerage space is legendary & we cover the history of his innovations, breakthroughs & domination of Mortgage Broker Origination. We touch on Housing Policy, Mortgage Qualification & the implications of the new LTI Portfolio Rules & how they will effect mortgage borrowers in Canada. And how John is standing up a whole new mortgage operation: Maple Financial revolutionize Alternative Lending in Canada Support the show

Send us a textRob is back on the show a record fourth occasion because well, he's just that good a guest. Let's talk Mortgages: what's the truth about the massive renewal year we will have in 2025, huge boom for mortgage professionals or total bust as incumbent lenders match every rate offer. What about home buyers? Where are they? Are there any First time home buyers? What about the rental marke? Where are mortgage rates going? Finally Canada will have a new Government soon. What effect on mortgages & the housing market? Support the show

Send us a textOur special Guest is the Founder of Veritas one of the original Independent Financial Research Firms in Canada. Anthony is one of the few Researchers who employes Street Level investigations to reveal the truth about markets: wait till you here the story of going out & buying Condos to understand the sales tactics used by Developer’s Agents, the make-up of the Buyer Pools & the Psychology of the Condo Market place. We review the current Toronto Condd Crisis, the effects of REVERSE Immigration & what the Condo Crash means to the Big Banks. Thoughts on the Future of the Canadian Economy. Are we the midst of a Made in Ontario Recession?Support the show

Samantha Power, a mortgage broker and social media expert renowned for her TikTok influence, discusses the nuances of social media marketing and its role in the mortgage industry. She examines the aftermath of recent Canadian mortgage guidelines and questions why rural homes can be more expensive than city properties. The conversation covers financial literacy challenges for younger generations, the importance of honesty in online communication, and the impact of social media on various demographics, advocating for a more supportive online environment.

Send us a textBad Jobs Report up to 6.8% worse news for Ontario: 7.6%, only Alberta & Quebec created any employment growth. Bank OF Canada Announcement on Wednesday: Will they cut 50 BPS? Many think so. 25 BPS is guaranteed. Much MORE important the cuts will keep coming, expect a 2.50% BoC rate by Summer 2025. Let’s get clear, the correct answer to 75% of the “Which Mortgage” question is Take Variable. We will here a lot about the Falling Canadian versus US Dollar but let’s be clear: The BoC will let the currency go to pump the failing economy.Support the show

Send us a textWe made it to 100 which is quite an accomplishment for an old guy. Big News on Mortgage Rates, how fixed rates & Variable are diverging at this moment in time. How much? What’s the right strategy, Ron Breaks it down. Will the Bank of Canada continue to cut? Ron gives his reasons. New sneaky elements to the Toronto Condo Crash, what if the Developer offers a $50K Credit to Pre-Con Condo Buyers who refuse to close? As long as they don’t tell everyone else who is closing at Full price? And what the hell is LTI Portfolio Testing & what will it do to mortgage rates?Support the show

Send us a textNo Stress Test On Renewals is the good new story of the Week, we dig into the details. We need to improve the ability for people with renewing mortgages to SHOP. In a country with just 6 Big Banks running the mortgage business its critical to be to shop for a better rate at point a mortgage renews A major step forward on ending Mortgage Document Fraud in Canada: are we close to getting this fixed or will there be more stalling, Ron breaks it down. Vince relates the difficulties, Red Tape, confusing rules & general lack of interest of the City Bureaucracies in trying to build exactly want the City Council has DECLARED they want to build. How crazy government Bureaucracy screws up every good thing. Ron’s Rant: the $6 BILLION DOLLAR BRIBE. Will Canadians sell their votes for $250 Bucks?Support the show