Canada Guaranty insurance now available through MCAP
Canada Guaranty announced Monday that its mortgage insurance products will now be available through MCAP; adding another selling point to the independent mortgage company’s repertoire.
Gord Dahlen takes on a new challenge
Industry leader Gord Dahlen has moved from his executive position at Dominion Lending Centres, with another channel player now welcoming him into its expanding fold.
Monoline changes its preapprovals
One leading monoline announced changes to its pre-approval rates last week.
Listening to brokers key to good lending
Those lenders who are perennially near the top of CMP’s Brokers on Lenders survey maintain their position by listening to and learning from brokers, says one industry veteran.
RBC now raises special fixed rate
RBC is one again leading the push to higher fixed rates, taking its “special” 5 year rate to a hefty 3.69 per cent, effective Wednesday.
Big banks increase special discounted rates
Interest rates continue to go up – and this time, it is Scotiabank and RBC following TD Canada Trust by announcing increases to special discounted rates.
Time to fight back on penalties, says broker
One broker has decided that enough is enough, and that it is time for brokers to fight back.
Brokers hold breath as monolines follow big banks
As the big banks increase their fixed rates, monolines like MCAP and First National are following suit – eliminating any breathing room for brokers already trimming commissions to accommodate clients.
CAAMP pushes Ottawa to leave ABCPs alone
Following the last federal budget, those dealing in Asset Backed Commercial Paper have held their breath over the government’s move to limit housing risk, but CAAMP remains hopeful Ottawa is open to compromise.
More than a numbers game
Mortgage Architects is looking beyond volume, beyond numbers, says CEO Ron Swift, shared his calculations with CMP’s Donald Horne