Dominion Lending Centres news

  • Market points to slowing preapproval conversions

    Despite a cooling real estate market, the average home price in Canada reached a record high in July -- not exactly good news for brokers itching to convert preapprovals.

  • Turnaround times worry brokers

    CMP’s upcoming Brokers on Lenders survey should highlight the growing concern brokers have about turnaround times, as they fight to retain a dwindling number of deals.

  • TD matches RBC’s five-year fixed

    It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.

  • Correction: DLC claims 26 agents on Top 75

    CMP correction: Dominion Lending Centres, in fact, claimed the largest number of brokers on this year’s Top 75

  • RBC gives brokers a two-week lead

    Brokers won't have more than two week to take advantage of RBC’s move to bump up its discounted five-year-fixed by 20 bps, caution some industry players.

  • Fence-sitters in no rush to buy

    Brokers are facing a growing number of pre-approvals as clients wait on a price correction, which, according to CMHC’s latest report, is unlikely to materialize.

  • Posted rates set to maximize IRD

    There’s a very good reason why some banks continue to advertise unusually high posted rates, argue some brokers, even as other lenders move to slash theirs to the point of precipitating a rate war.

  • Expert outages stymie submissions

    D+H continues to investigate the root causes of intermittent outages to its Expert platform that delayed submissions and frustrated brokers across the country this week.

  • Brokerages extend their reach beyond mortgages

    It's the ultimate in proactive thinking, with some mortgage brokers moving to diversify their product offerings outside of mortgages and ahead of a market slowdown.

  • Brokers:New rules should drop approval times

    The tougher mortgage rules may shut a significant number of borrowers out of the market, but mono-lines should turn that into an opportunity to speed up approval times, argue brokers.