Latest news

  • Luxton: We're 'commited' to help workers transition

    ING Direct – and, indeed, Scotia -- is actively working to find placements within the two organizations for workers affected by the coming exit, says an exec now deluged with broker well-wishes.

  • Brokers: ING spoils up for grabs

    It’s no dead certainty brokers will divert ING deals to Scotia, in fact, argue some, the spoils could go to monolines able to duplicate the lender’s star offerings.

  • ING Direct moving to cease broker originations

    For some brokers, it reads like a "Dear John" letter, but on Wednesday, ING Direct announced it will cease accepting new applications from brokers on Feb. 16, at the same time recommending its new parent company Scotia to mortgage professionals.

  • Value declines jeopardize subprime market

    While brokers have their eye on a falling number of sales, in Vancouver they’re now ogling falling prices and the threat they could pose subprime deals.

  • 'Pleased' Flaherty meet displeased brokers

    Finance Minister Jim Flaherty says he’s happy increases in home prices have started to slow, but is relatively mute on a much bigger concern for brokers – the falling number of sales.

  • Brokers interest grows in CIBC class action

    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.

  • Market slumps in December

    There’s yet more indication brokers will see a quiet winter, with national home sales slipping 17 per cent in December from a very active year ago.

  • Brokers meet your new clients

    Brokers may want to follow the lead of this Alberta veteran. He’s increasingly working for Realtors to create the kind of vendor-finance deals that win buyers time to quality for traditional mortgages, while helping sellers with tougher-to-sell properties.

  • Broker network and rate site expand online client base

    That partnership with Invis/MI and rate site Kanetix is now being expanded to Alberta, Saskatchewan, and Manitoba, after a fall launch in Ontario that captured broker attention both in and outside the organization.

  • Stymied switches prompt new game plan

    A slowing market will grow the number of trailer fee transactions as brokers confront a spike in rock-bottom renewal rates – an effort on the part of some lenders to block switches, they charge.