Industry vet: Fraudster's sentence hurts brokers
Nova Scotia veteran Richard LeBlanc is upset that a convicted mortgage fraudster has been handed what he terms a slap on the wrist, a lenient sentence that threatens to tar all brokers with the same brush.
Brokers say “Thank you BMO”
BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers.
MCAP feasts on FirstLine spoils
New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown.
Broker urges investment over trailer fees
The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times.
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 as much to blame as banks?
A MortgageBrokerNews.ca article detailing one man’s battle with TD over a $17,000 mortgage penalty generated a maelstrom of comments and criticism not only for lenders, but brokers.
ING departure teaches hard lesson, say brokers
Now that ING has officially left the channel, brokers remember a company that was great to work with – but also one that has taught them a valuable lesson.
10-year fixed increasingly easy and lucrative sell for brokers
Scotia has joined other lenders in presenting a special offer on 10-year fixed mortgages, widening the smiles on brokers now facing a surge in clients interested in longer terms as a hedge against the eventual spike in rates.
'ING brokers,' you have company
ING brokers in Canada meet ING brokers in the UK, now feeling your pain as they learn of their own departing lender.
Luxton: We're 'commited' to help workers transition
ING Direct – and, indeed, Scotia -- is actively working to find placements within the two organizations for workers affected by the coming exit, says an exec now deluged with broker well-wishes.