Scotia news

  • All bets are on - Brokers anticipate survey results

    A dwindling number of lenders and the need for more competitive rates will emerge as the two greatest concerns for brokers, argue mortgage professionals anticipating the results of the industry's most influential survey.

  • Housing starts come to a halt

    A slowdown in Canada's real estate market may be closer than many brokers think, with housing starts falling more than expected for July and as a result of declining condo construction.

  • Decade long slowdown for brokers: report

    A new bank report is suggesting mortgage brokers may be in for an extended slowdown in the real estate market.

  • Brokers fret about possible ING sale

    Mortgage brokers are worried that one of Canada’s big five banks might snap up ING Direct – its parent company now announcing the review of “strategic options” to sell the broker channel lender.

  • FirstLine raises First National originations

    First National saw originations skyrocket in the second quarter, rising 48 per cent from the year-ago period – something it chalks up to FirstLine`s departure.

  • Answering the call

    In an ever-increasingly complex industry, broker Nera Emmanuel has built her business upon simple things such as returning phone calls and staying in touch with clients

  • Banks keeps clear of rate wars

    Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent.

  • Bank dissatisfaction benefits brokers

    It’s one bit of news brokers are likely to capitalize on, with a new study suggesting customer satisfaction with the Big Five – from their mortgages to their rising fees to their brands – is on the decline.

  • Brokers laud MCAP’s hands-off approach to RMG

    Brokers are applauding what appears to be MCAP’s decision to put its money where its mouth is – the lender adopting a largely hands-off approach to RMG’s product lineup and features that deviate from its own.

  • Brokers:New rules should drop approval times

    The tougher mortgage rules may shut a significant number of borrowers out of the market, but mono-lines should turn that into an opportunity to speed up approval times, argue brokers.