Brokers applaud tough-talking Scotia CEO
Scotia’s CEO Richard Waugh is receiving a rare show of support from the broker channel, after stating finance minister Jim Flaherty should stop interfering on mortgage rates.
Sale of Xceed ‘positive for brokers,’ says CEO
Concerns among brokers that Xceed will go the way of ING and FirstLine following MCAN’s announced takeover can be put to rest, says CEO Michael Jones.
ING transition to Scotia almost complete
With the transition of ING employees to Scotia, many have found employment elsewhere in the industry, despite a goal for 100 per cent placement within the major lender, says the former head of broker sales with ING, Kim Luxton.
Search for the best rate stressful, poll reveals
An ING survey suggests 59 per cent of Canadians find negotiating for the best rate the most stressful part of obtaining a mortgage – ironically, results that provide support for the mortgage brokers ING has now left behind.
Bleak 2013, better 2014 predicted for resales
CREA’s resale housing forecast is rather bleak for 2013 – but promises great things for 2014.
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.