Former Invis exec weighs in on PMG takeover bid
A former executive vice president for Invis Inc. is throwing cautious support behind the Pacific Mortgage Group takeover bid, suggesting it could strengthen the hand of member brokers in an increasingly competitive field.
Gord Dahlen joins DLC
Dominion Lending Centres announced that Gord Dahlen is joining the company as executive vice president.
Game on for Xceed, but not for brokers, yet
Xceed remains in the mortgage-origination game -- launching a “green” program for new home purchases and refinances – but it hasn’t yet invited brokers back to play.
Brokers disagree with poll suggesting young homebuyers deferring purchase
More than half of young potential homebuyers in Canada think they are better off waiting until next year, according to a new survey, effectively contradicting broker observations.
Broker kicks off 'Revolution' to promote industry ethics
One Edmonton broker has begun what he’s dubbed the "The Mortgage Revolution," bringing together industry professionals for a candid and often critical conversation on ethics, integrity and – in a troubling number of cases – the lack thereof.
Broker: Non-banks should jump on the mobile-home wagon
Mono-line and other non-bank lenders refusing to write mortgages on mobile homes are handing the growing niche market to the big banks, but also limiting market share for brokers, said one Halifax professional.
Popular Vote for Canadian Mortgage Awards Now Open
Again this year we are giving readers the opportunity to have their votes counted toward choosing the winners at the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank.
Brokers: TD rate hike signals industry shift
The move by TD Bank, RBC and CIBC to raise rates on fixed mortgages because of rising bond yields may result in a temporary boon for lenders able to resist following suit in the next 24 to 48 hours, said industry professionals reacting to Monday’s move.
Broker: TD shift to business lending a good thing
TD Bank’s plans to use a significant uptick in business lending to make up for a cooling mortgage market is garnering mixed – albeit positive – reaction from brokers and mono-line lenders.
MCAP going after the Big Five
Mortgage lender MCAP is taking direct aim at the big banks, with bonuses for brokers bringing in clients who would otherwise renew or refinance with the Big Five.