First Nat. returns to 80 bps finder’s fee
First National’s 2013 compensation program finally spells out its decision to permanently reverse that 5-basis-point chop to finder’s fees introduced last year and alienating some brokers.
Street sweetens the compensation pot
Street Capital is among those offering brokers an additional 10 basis points on some fixed mortgages, the move helping build an increasingly competitive and lucrative market.
Street simplifies Loyalty program
Vancouver, B.C. - Mortgage Forum. Street Capital revealed more details about changes to its Loyalty program announced last week, specifically removing any mortgage restrictions tied to trailer fee commissions.
Lenders divvy up FirstLine’s spoils, suggest report
The results are in, and as expected, big lenders, with the conspicuous exception of TD, have successfully divvied up FirstLine’s spoils
Brokers laud Street Capital’s charter quest
It may be still two years away, but some brokers believe Street Capital’s chartered bank status ambitions are a step in the right direction.
Street Capital takes bank charter route
Mortgage brokers can still count on the Street Capital products that they have been using for years even if the the mono-line`s application for a Schedule 1 bank gets approved, according to the lender.
RBC gives brokers a two-week lead
Brokers won't have more than two week to take advantage of RBC’s move to bump up its discounted five-year-fixed by 20 bps, caution some industry players.
To be or not to BDM
As brokers grapple with a slowing market, many are finding relationships with BDMs are also in flux. As Vernon Clement Jones finds out, that may be by design
Genworth moves down the Street
Street Capital has added Genworth as a default insurer, a move, says the lender, in response to broker requests.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.