In this training session, our CEO Shubha Dasgupta takes us through the weekly market update by kicking off the meeting with updates on the interest rate percentages for insured, insurable, uninsured and rental, and updates us on Alt Lenders; we haven’t seen any significant changes in these areas. Shubha goes through the three sources of inflation: supply-chain-driven, demand-driven and we-don’t-know inflation, as stated by Benjamin Tal.
We go through Remax predictions for the Fall Canadian housing market and three possible scenarios that could happen in the next 12 months: interest rates dropping, policy changes, and house prices dropping. He highlights what we can do if one of these three things happens – one is to get ready to get busy. He goes back to trigger rates and how this can impact our clients and discusses how we can speak to clients in challenging situations – come ready with solutions and be prepared for objections. Lastly, remember renewals.
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One of our priorities here at Pineapple is to ensure that you are all remaining compliant in your mortgage business. While we understand you may all have a different style of marketing/advertising your mortgage business, we are sending this email as a reminder that you are ensuring that you are keeping aligned with the mortgage industry public relations and advertising requirements as per the link.
Please take a moment to read the attached link to ensure that you are adhering to the Mortgages Brokerages, Lenders and Administrators Act 2006 (MBLAA) and its regulations.
Please reach out to Diana at email@example.com if you have any questions.