National Bank news

  • CMA winners defy rough market

    The 8th-annual CMP Canadian Mortgage Awards went off with a bang at Toronto’s Liberty Grand Friday with over 600 attendees recognizing industry players who’ve soared above a turbulent real estate market

  • CMP releases complete list of nominees

    CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.

  • FirstLine deals a blow to CIBC profits

    CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results.

  • Brokers win new market-tracking tool

    Knowing neighbourhood demographics in detail – from homeowner movement to pricing on the street-by-street level – is a critical advantage for brokers and one a new index aims to provide them.

  • Another blow to commissions?

    Numbers from Teranet-National Bank show a fifth consecutive month of decline for home prices nationwide -- arguably another blow to broker commissions.

  • Realtors: Broker-paid referrals 'appropriate'

    Objections aside, paid referral fees are nothing but quid pro quo for business passed along to mortgage brokers, argue Realtors.

  • Broker: Realtors rejecting bank-referral offers

    Here’s good news from a market considered the birthplace of bank-paid referrals for Realtors: Those real estate professionals are starting to turn them down.

  • Brokerage adopts new underwriting model

    A large Toronto brokerage may be leading the way with the launch a flat-fee-per-transaction model for its new centralized underwriting service.

  • Bank earnings climb with new originations approach

    National Bank's plans to bump up originations through "branch and mobile" forces doesn't appear to have hurt it in the short term, with the lender counting a 14-per cent hike in residential volumes for Q4.

  • 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