MCAP: B-20 a must-reader for brokers
Santa Claus makes his list and checks it twice, but brokers should also know OSFI will be checking up to see if they are helping lenders meet the new B-20 requirements.
Street Capital sweetens stated-income program
Street Capital’s revamp of its stated-income program to eliminate a rate surcharge, accept commission income as employment type and include all the features and flexibility of its regular mortgages is being welcomed by brokers looking to satisfy BFS clients.
Brokers accept olive branch from First National
If you offer it, they will come. Eventually.
First Nat. returns to 80 bps finder’s fee
First National’s 2013 compensation program finally spells out its decision to permanently reverse that 5-basis-point chop to finder’s fees introduced last year and alienating some brokers.
Street sweetens the compensation pot
Street Capital is among those offering brokers an additional 10 basis points on some fixed mortgages, the move helping build an increasingly competitive and lucrative market.
Another 10-bps elevation
Yet another channel lender is beefing up its compensation for brokers as the market slows and the race to win ING brokers heats up.
Want 10 bps more?
Brokers sure could use a little good news today, and MCAP -- with an extra 10 basis points in hand -- aims to provide it.
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Lenders on Brokers 2012
Last month’s issue saw brokers rank and roust their lenders as part of the sixth CMP Brokers on Lenders survey. This month, lenders review and revel in the results
Borrowers not interested in bumping up line of credit
Initial interest on credit unions offering HELOCs with a higher LTV than what OSFI mandates appear to have died down as some brokers report that borrowers appear satisfied with current mortgage rates offered by banks and other lenders.