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Mortgage Broker News | 15 Jan 2013, 12:00 AM Agree 0
Brokers may be no less interested than their clients in a class action filing against CIBC given a growing number of inquiries ahead of the bank's deadline to respond.
  • Rick Lunny | 16 Jan 2013, 10:59 AM Agree 0
    I expect CIBC will aggressively defend their position with their prepayment wording previously vetted by both lawyers and regulators.
  • Larry Ament | 17 Jan 2013, 04:51 AM Agree 0
    Impress on FirstLine/CIBC clients with mortgages coming up for renewal the need to take the uncertainy out of the prepaypayment penalty by having a mortgage professional provide them with alternative F/I's with prepayment options that they understand and are comfortable with.
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