Are the monolines competing?
A number of the big banks have announced special fixed rate promotions and cuts to their prime lending rate, but what are monolines doing to ensure brokers have a competitive advantage?
Lender announces pilot program
MCAP will soon launch a new mortgage option for its clients, making them the first monoline lender offering a mortgage deal that could spare investors and homebuyers a blow to their credit scores.
Lender announces commitment to alternative space
One trust company is reaffirming its dedication to supporting mortgage brokers with two executive appointments, among them a leading player from another lender.
Lender wait times: Banks vs. monolines
When it comes to wait times are the monolines truly better than the banks?
CMA Standouts: Tracy Valko
Tracy Valko may have started on the “other side” in 1999 when she joined MCAP in the mortgage retention department and underwriting for ING Direct, but in 2003 she joined the brokerage side to become an independent broker in the Kitchener-Waterloo area.
Poll results: Brokers convert business on heels of increased competition
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.
Monolines surprised by rate; clients curious
Reports of Investor Group’s recent 1.99 per cent three year variable rate “shaking” the industry weren't exaggerated, with lenders being caught off guard and scores of clients inquiring about similar products.
Newcomers to be honoured at CMAs
The mortgage broker industry has its fair share of regular faces; the old guard who have been leaders for years. Each year, however, a new crop of up-and-coming, ambitious professionals emerge and some of them will take home Canadian Mortgage Awards for their efforts. These are our finalists in a number of “newcomer” categories.
Best advertising CMA finalists announced
In the continued unveiling of our CMA finalists, MortgageBrokerNews.ca announces the second round of shortlisted categories – with all winners set to be announced May 9 at the Liberty Grand in Toronto.
Broker calls for level playing field for HELOCs
One broker believes last week’s budget is a step in the right direction, though she hopes the path will lead to once again allowing monolines to provide HELOCs.