Scotia news

  • 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.

  • Flaherty: Don`t blame the rule changes

    Many brokers will respectfully disagree, but Finance Minister Jim Flahery and his deputy say it’s too early to judge the impact of the government's mortgage rule changes, even despite the accelerated slowdown sincer their introduction.

  • CAAMP to provide broker ed program

    The Financial Services Commission of Ontario has named CAAMP as the sole provider of the mortgage broker education program in the province for the next four years, even as some brokers express the desire for multiple course providers.