BoC Hints at Longer Wait for Rate Hike
In a move anticipated by most analysts, The Bank of Canada announced today that the overnight rate will remain at 1 per cent, suggesting it – along with variable rates -- won’t rise anytime soon.
Waiting list for rate site grows
At least one leading rate site is pointing to growth in the number of brokers now on its waiting list, suggesting a slowing market is partly responsible for the increase.
Another 10-bps elevation
Yet another channel lender is beefing up its compensation for brokers as the market slows and the race to win ING brokers heats up.
Here's one way to boost team morale
If a CMA award can lift the profile of even the highest flying brokerage, it may have even more of an effect on its morale, says one of last year’s buoyant winners
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.