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.
ING moves against pooling abuses
ING Direct's move Tuesday to introduce a pooling cap meant to increase efficiency is already drawing positive reviews from brokers favouring those restrictions to commission cuts.
Rate transcends network lines
An increasing number of brokers seem prepared to cross “network lines” to get to new lenders, with agents outside the Pacific Mortgage Group expressing interest in Radius’s 2.94 per cent offer.
Lenders divvy up FirstLine’s spoils, suggest report
The results are in, and as expected, big lenders, with the conspicuous exception of TD, have successfully divvied up FirstLine’s spoils
ING success validates broker model
Brokers shouldn't despair over the potential loss of ING, but view its success as proof more upstart lenders will enter the channel to replace it, says one leading player.
FirstLine raises First National originations
First National saw originations skyrocket in the second quarter, rising 48 per cent from the year-ago period – something it chalks up to FirstLine`s departure.