Mortgage Brokers giving a failing grade to the federal goverment

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Despite the fact that the recent federal budget left mortgage regulations untouched, are brokers satisfied with how the government has handled the mortgage market?

This is just one of topics being covered by CMP’s annual Broker Sentiment Pol, proudly sponsored by Broker’s Choice. With just one week left to complete the survey, brokers are already making some important statements with the poll.

When asked, “On a level from 1 to 10 (1 being the lowest) how do you feel the federal government is handling the issue of mortgage regulations?” nearly 60 per cent of respondents so far have given the feds and Jim Flaherty a rating of 5 or lower. There seems to be room for improvement.

The Sentiment Poll is also asking brokers whether the mortgage rule changes over the past three years had a positive or negative effect on their business. Currently 72 of those polled say the changes have had a negative effect.

This is the final preview of the Broker Sentiment Poll before it closes May 31.  Will those results hold up when all the submissions have been tabulated?

The final results of the survey will be published in the July issue of CMP Magazine.




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About Sky Financial

We incorporated The Mortgage Centre-Sky Financial Corp. in August 1992 in Edmonton Alberta. Furthermore we opened offices in Fort McMurray, Cold Lake, Grande Prairie, Red Deer, Stettler, Saskatoon, Moose Jaw and Prince George BC.

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