MCAP news

  • To bank or not to bank: Xceed weighs its options

    As it gets close to achieving its goals of developing prime lending, and managing its non-prime mortgages Xceed Mortgage Corporation is looking towards the future, forming a special committee to look at its options, which could include re-applying to become a bank, or even a sale or merger.

  • Broker finalists named for Canadian Mortgage Awards

    Ask any mortgage broker and they’ll say that they are proud to help people navigate the biggest purchase of their lives. They don’t do for the accolades, but sometimes it’s nice to be recognized for doing a good job.

  • Canadian Mortgage Awards names first group of finalists

    It’s that time of year again – time for the finalists for the Canadian Mortgage Awards to be announced.

  • MCAP-acquired ResMor division to continue originations

    ResMor Trust’s residential mortgage division will continue to originate new home loans under the rebranded name RMG Mortgages after MCAP formally takes the reins next month, MortgageBrokerNews.ca has learned.

  • myNext takes on new name

    A rose by any other name is just as sweet, but does the same apply to a lender?

  • 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.

  • Brokers: Time for Mono-line consumer advertising

    Mono-lines are facing renewed calls to increase consumer advertising, a way of helping mortgage brokers sell to often skeptical clients – inclined to dismiss all non-banks as B lenders.

  • Haditaghi explains CEO search

    Company founder Alex Haditaghi personally identified Ron Swift as the man to lead Pacific Mortgage Group to the “next level” as far back as eight months ago, he told MortgageBrokerNews.ca, with his decision to step down from the CEO post, in fact, ending a year-long search.

  • Swift takes over from Haditaghi

    Ron Swift is moving into the captain’s chair of Pacific Mortgage Group, leaving lender MCAP.

  • Brokers on Lenders Survey: The results are in

    Brokers’ opinions of lenders have undergone some changes over the past year and they are reflected in the results of CMP’s 5th annual Brokers on Lenders Survey.