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
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
Market points to slowing preapproval conversions
Despite a cooling real estate market, the average home price in Canada reached a record high in July -- not exactly good news for brokers itching to convert preapprovals.
TD matches RBC’s five-year fixed
It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.
ING’s broker links could hamper sale
As attractive as ING Direct Canada may be to prospective buyers, its use of brokers will likely deter the biggest of those suitors, according to one analyst.
Banks keeps clear of rate wars
Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent.