Scotia news

  • ING Direct moving to cease broker originations

    For some brokers, it reads like a "Dear John" letter, but on Wednesday, ING Direct announced it will cease accepting new applications from brokers on Feb. 16, at the same time recommending its new parent company Scotia to mortgage professionals.

  • low mortgage rates in Toronto

    Having saved enough money after paying off the regular expenses and keeping aside some reserved funds you can now see a handsome amount of money in hand to buy your new home. You have saved this little by little for years that have now grown large enough to make your dream of a beautiful home that is well equipped with all the comforts that one would desire. A home, that is just not a place to rest and enjoy life, but a place where even small events would turn into beautiful memories for tomorrow. Dreams are precious, the come with the power of an individual's imagination. Turning dreams into reality is an expensive affair. It can cost you a lot more than what one can think of at the first thought. Thus, when it comes to realty we have to be practical. Low mortgage rates Toronto is what you would then be looking for if you plan to have your dream house therein Toronto that fits well within the limits of your budget. The mortgage providers like safebridge,FirstLine Mortgages,Scotia Bank,First National TD Bank,MCAP Service Corporation,Street Capital,National bank,Macquarie,ING and Merix

  • Cordial competitor: MCC's Cocciollo weighs in

    Save the hum-bug! MCC head Eddy Cocciollo is offering conciliatory cheer in this candid Q&A about competitors, consumers and, ahem, CIBC

  • Brokers glad market on ‘sustainable path’

    Call it a slowdown, soft-landing or a correction, some mortgage professionals are just glad 2012’s rough ride is nearly over and as one major bank puts it, the industry is headed on a “sustainable path.”

  • MorWEB deals set to challenge Expert

    MorWeb is revving up to give Expert a better run for its money, the company behind the mortgage platform announcing revised deals with two of the channel’s biggest lenders.

  • The Big Story: What brokers are doing about commission cuts

    First National then Scotia. Mortgage brokers are worried other lenders will introduce commission cuts on five-year deals. But as Jemima Codrington reports, they're not prepared to lie down and take it.

  • Association grows its reach

    Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels.

  • ING’s trick or treat?

    Depending on whom you ask, ING’s new volume pooling rules – all but identical to Scotia’s – may be a trick or a treat.

  • 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.

  • CAAMP course fees ignite broker reaction

    CAAMP will reveal exact fees for its upcoming Ontario mortgage broker course next month, but some members outside the country’s largest market are calling on the association to equally subsidize all province-specific courses.