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With the CFF Bank purchase, Home Trust may have just circumvented the OSFI application process for winning its Schedule I bank license
Big banks continue to undercut their own broker partners by offering proprietary mortgage products exclusively in-house
The chief concern for brokers each summer is an increase in approval turnaround times, but many players say this year takes the dubious honour of being one of the worst on record
Brokers currently operating Canadian First Financial Centres believe Home Capital’s acquisition of the schedule I bank will help them better compete with the big banks
Fraud has been a hot topic in the industry lately and brokers believe harsher punishments should be doled out; but is it consumers who should be targeted?
Brokers can expect a boon to refinances if this one proposed tax credit is put in place
Brokers argue there aren’t enough ramifications to deter brokers from falsifying documents, but some suggest reporting them to a database such as REDX is a good start
Brokers in this one major market are likely faring better than the rest when it comes to the commercial segment
Brokers hope the recent suspension of numerous brokers by one lender for allegedly falsifying documents won’t encourage regulators to hand out more stringent guidelines