Poll results: Majority of brokers will avoid RateHub
Mortgage brokers across Canada have spoken and the results are in: The vast majority of industry professionals say they will avoid using RateHub.ca’s online services after finding out about the company’s plans to establish a brokerage that will directly compete for leads.
Major RateHub customer might pull support
One of RateHub’s largest clients is set to decide today whether it will continue to do business with the popular rate site following the announcement that it is establishing a competing mortgage brokerage.
Big bank turns to lender for underwriting support
First National announced Wednesday it has struck a deal with Toronto Dominion (TD) Bank to provide underwriting and fulfillment processing for mortgages originated by the big bank through the mortgage broker channel.
Eisner eyes legal options
One of RateHub's largest broker clients is contemplating legal action against a former employee now tapped to head the rate site’s online brokerage, currently in development.
Brokers react to RateHub announcement
RateHub.ca will join forces with an influential channel player to launch a new brokerage, with several brokers arguing the move is a betrayal.
Canada's three major markets lead the charge
The Canadian housing market continues to make up for lost ground due to slow sales in the beginning of the year, with the number of sales making a modest 0.8 per cent month-over-month jump from May to June.
Wealthy Canadians choose to carry mortgage debt
Many high-net worth Canadians – those with investable assets of $500,000 or more – carry a mortgage as an investment strategy; despite 67 per cent of those polled having the cash available to pay them off in full, according to a recent Investors Group study.
Veteran player establishes MIC
Former Equity Financial Trust CEO Nick Kyprianou announced Thursday the establishment of RiverRock Mortgage Investment Corporation.
Brokers discuss refi strategies
Talk turned to refinance strategies during Canadian Mortgage Hangout’s (#cmhTV) second anniversary Thursday and tactics for winning that very valuable segment of business.
Lender wait times: Banks vs. monolines
When it comes to wait times are the monolines truly better than the banks?