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Mortgage Broker News | 08 Aug 2013, 12:00 AM Agree 0
In a statement released today, Canadian First Financial and MonCana Capital Corporation announced the acquisition of Moncana Capital by Canadian First Financial.
  • Sasha | 08 Aug 2013, 10:36 AM Agree 0
    Great News in the mortgage industry. Exciting new model. Looking forward to hearing more!
  • Wane Davis | 08 Aug 2013, 11:05 AM Agree 0
    ...and "they" said it couldn't be done! Keep goin boys...full steam ahead!
  • John Bargis, Mortgage Edge | 08 Aug 2013, 11:10 AM Agree 0
    Wow!...This gets more and more interesting....I like the dynamics....The model certainly has potential....Much will depend on the way the structure compares to the monolines and the retail players that don't openly provide access to the other wide range of products.
  • steve | 08 Aug 2013, 11:24 AM Agree 0
    Moncana has lost over $20 Million so far. With the new rules and regulation it doesn't make sense to be a bank unless you have $250+ Million in startup cash. It will take 10 years before this bank can even considered a small player in market place. See Bridgewater, western Bank, Bank West, General bank of Canada,.....
  • Peter Johnson | 08 Aug 2013, 11:31 AM Agree 0
    This is awesome news and should be no surprise to anyone, considering the the forward thinking group assembled. We anticipate a bright future.
  • Ron Butler | 08 Aug 2013, 01:15 PM Agree 0
    I think this intelligent marriage of strengths is something we will see more of in our channel over the next 12 months: Consolidation.
  • Peter | 09 Aug 2013, 10:33 AM Agree 0
    This will succeed because it is a broker owned Bank. The examples Steve gives are not.
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