Challenges ahead for commercial brokers
Residential brokers inclined to envy their commercial counterparts don’t: An increasingly meagre supply of properties will likely translate into fewer deals for them in 2013, outside of the harder-to-come-by new builds.
Want 10 bps more?
Brokers sure could use a little good news today, and MCAP -- with an extra 10 basis points in hand -- aims to provide it.
Ready, set, go, would-be brokers!
CAAMP will bring revamped broker education to Ontario by the end of February, announcing it has opened registration for the course it now takes over from a competing provider.
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.