Brokers: ING spoils up for grabs
It’s no dead certainty brokers will divert ING deals to Scotia, in fact, argue some, the spoils could go to monolines able to duplicate the lender’s star offerings.
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.