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.

  • Part-timer defends the controversial practice

    A seasoned broker – now a part-timer – is defending that choice, challenging mortgage professionals who argue the industry has no place for him and a growing number of others.

  • Brokers wary of TD consolidation

    TD has moved to consolidate BDM services for its prime and alternative lending divisions – something brokers are worried could cost them future business.

  • Who gets the bill for broker ad campaign?

    Merix head Boris Bozic has joined the growing number of mortgage professionals endorsing the idea of a national advertising campaign, specifically focused on hawking broker wares to the largely uninformed consumer. That’s even as others look to mono-lines themselves to foot the bill.