Scotia news

  • The Big Story: FirstLine who?

    Brokers are still lamenting the loss of industry innovator FirstLine, but the race is increasingly on strengthen connections to other lending partners, say brokers in this episode of the Big Story

  • Vanishing options a big issue for brokers

    Early poll responses to the 2012 CMP Brokers on Lenders survey suggest brokers are concerned about the loss of product options and the cookie-cutter approach of conservative lenders.

  • Canadian housing shifts into low gear - Scotia

    Difficulty in getting credit and job loses have taken their toll on Canadian’s home purchasing desires, according to the Q2 Global Real Estate Trends report by Scotiabank.

  • Cashbacks here to stay...

    The clock may be ticking on bank-offered cashback, but the largest credit union in Ontario is now committing to offering 100 per cent financing until its regulator says otherwise.

  • ING's broker days numbered, says vet

    Brokers clinging to the notion that it will be business as usual with a Scotia-owned ING are facing certain disappointment because the popular discount banking brand is bound to disappear in Canada after 18 month, according to a seasoned mortgage professional.

  • Brokers: Scotia’s ING purchase benefits channel

    One of ING’s biggest broker partners is arguing against fears Scotia will compromise the smaller player’s independence.

  • Breaking news: Scotiabank to buy ING

    The gods may be listening to brokers with channel lender Scotia announcing it has reached a definitive agreement to purchase ING Direct Canada.

  • Scotiabank financials reveal condo exposure

    By the end of July, Scotiabank held $14 billion in condominium mortgages – half of that in the market economists most fear will suffer a correction.

  • TD matches RBC’s five-year fixed

    It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.

  • Fitch: tough times for mortgage lending

    Here’s one occasion when bad news for banks is likely just as bad for brokers. Despite a solid performance by the Big Six in the first half of 2012, an international credit rating agency suggests the entire mortgage market is in for a rough ride through to the end of the year.