To The Pointwith Boris Bozic
Commentary, Opinions, Thoughts and Discussion on Current Events, Politics and The Mortgage Industry

0 Comments CAAMP: The Road Trip Begins

Article written by on the 28 Feb 2012 in CAAMP,Mortgage

Mortgage-ProfessionalsThis is going to be pretty busy year for me as relates to travel.  My work requires me to travel a fair bit as it is, but when I add my responsibilities as CAAMP Chair, well, Toronto’s Pearson International Airport will become a second home to me.  I’m not complaining in the least bit.  I signed up for this gig; therefore, I have to accept the responsibilities.  It would be tempting to only visit cities where I have a personal interest (i.e. Merix volumes) but if that was my motivation I should have never campaigned and ran for Chair.  The Chair has to separate his/her personal interests from that of the associations, and so it begins for me.

 The CAAMP road show begins today with the first symposium of the year in Kelowna, B.C.  It will eventually move across the country and I’m looking forward to talking to members in all regions of the country. (more…)

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1 Comments And the Geeks Shall Inherit the Earth

Article written by on the 23 Feb 2012 in Current Events

There was a time when the elite class was a reserved for industrialists, oil barons, financiers and movie moguls.  Today that class has to step aside and make way for the new elite, The Nerds.  Being a geek today is cool and more importantly they’re the nouveau riche.  For evidence look no further than the IPO world.  Before the crash of 2008, IPO’s were fashionable.  Not so much since then, unless we’re taking about the digital world. (more…)

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0 Comments Greece, “Yours To Discover”

Article written by on the 21 Feb 2012 in Politics

Those who live in Toronto can enjoy a taste of Greece by visiting Greek Town.  A walk along Danforth Ave can cause weight gain in a matter of minutes.  The Danforth is the place to go if your palate desires Greek cuisine, washed down with some Ouzo, and for good measure, broken plates.  For those who live in Toronto, and would like full Greek experience, they should visit Queens Park.

The Drummond report was released last week, and based on his recommendations one has to wonder if the governing Liberals didn’t take their cue from the Greek Government. (more…)

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0 Comments RRSP – It’s That Time of Year

Article written by on the 16 Feb 2012 in Economy

This is time of year when many Canadians start to think about their RRSP.  If you’re like me you’re also giving some thought to how much money you’re prepared to lose investing in Mutual Funds.  I received an email this week from a financial planner at my bank reminding me that the deadline to contribute is February 29th.    That was very thoughtful of him, and I guess I shouldn’t be surprised that he didn’t remind about how much I’ve lost in the last couple years.  I guess they figure I should be happy because I’m only this far away (thumb and first finger about an inch apart) from breaking even.  It’s gotten to the point today where breaking even is a reason to celebrate. (more…)

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1 Comments National Housing Outlook – The Art of Analysis

Article written by on the 14 Feb 2012 in Mortgage

I always find it fascinating that highly trained people can look at the same raw data and come up with different interpretations.  Some time ago CAAMP’s Chief Economists, Will Dunning, characterized economists this way to me, “if the economist is an optimists his forecasts will reflect that.  Conversely, if the economist is a pessimist his finding will have a glass is half empty slant”.   Your DNA, your personality, and getting up on the wrong side of the bed will influence the finding of those who join the dots and make predictions.  Based on headlines recently many economic prognosticators should be going to bed earlier to avoid CHMC National Housing Outlookcrankiness. (more…)

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6 Comments What Would You Have Done?

Article written by on the 09 Feb 2012 in Personal

The story I’m about to share with you is true.  The events occurred on Monday, February 06, 2012.  The names have not been changed to protect the innocent or guilty.  Now that I have the disclaimer out of the way I can get on with the story.  The story revolves around a man who is kind, understanding and always has a sunny disposition.  That man would be me.  Hey!  What the hell are laughing for?  It’s my story and that’s how I see it.  Moving on, tatm-dispensing-more-moneyhe story is about moi and the ATM machine where I bank.  I won’t mention the banks name but their initials are TD.  I’ve done my banking there for years but they don’t have my mortgage.  My mortgage is with this wonderful little company named Merix Financial.  This company is brilliantly led, with unbelievable staff and access to more mortgage products than most.  The blatant plug aside, the story goes like this… (more…)

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1 Comments CMHC Insurance – Surprise, Surprise!

Article written by on the 07 Feb 2012 in Mortgage

Many in our industry were taken by surprise by the news that CMHC was cutting back on portfolio insurance, i.e. Bulk Insurance, as well as announcements made by lenders to discontinue offering NIQ/Stated Income Programs within conventional mortgage guidelines.  The surprise created a stir and a great deal of speculations in our industry.  What does it mean?  How will we be impacted?  Are the changes going to be fair and equitable, and will all stake holders be mandated to play by the same rules?  The answer to these questions is simple, we just don’t know.  (more…)

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1 Comments Telemarketers: Thank You For Interrupting My Dinner

Article written by on the 02 Feb 2012 in Business

Why is that telemarketers always seem to call at the wrong time?  Some of you may be asking when is the right time?  That’s a good question but I always try to remind myself that the person on the other end of the line is doing their job.  These people have mortgages to pay, a family to feed and the other daily expenses we all have to deal with.  The right side of my brain gets that but the left side of my brain screams “expletive”, I’m having dinner, watching the game or some other important activity.  Who am I kidding, a telemarketer would annoy me if I was watching re-runs of Degrassi High, while biting on tinfoil.  There’s just something about an unsolicited phone call with the sole purpose to sell me something. (more…)

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