Verico news

  • 2.99 returns; sparks competition

    Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.

  • Debt management company stiffs broker

    One broker’s negative experience with a debt management company serves as a cautionary tale about the importance of vetting the organizations you do business with.

  • Groundwork set for small banks to enter market

    The federal government’s vow to encourage greater competition in financial services will pave the way for a greater number of small companies to win banking licenses, according to one leading broker who believes that benefits both the industry and the consumer.

  • 2.99 per cent lender revealed

    The lender providing the latest 2.99 per cent five-year fixed rate has been revealed and the product, no way resembles, BMO’s controversial “no friller” that captured media headlines two years ago.

  • The 2.99 per cent five-year fixed is back

    The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.

  • The Big Story: Colin Dreyer on lenders

    Colin Dreyer tackles the question of shrinking lender options for brokers. But are the brokers behind that trend?

  • Should regulators focus more on unsecured debt?

    New data on consumer debt has dredged up an old broker gripe: Regulators need to rein in the availability of unsecured debt and leave mortgage spending alone.

  • Experts: Rates to rise

    Experts agree mortgage rates will rise over the course of the next month, despite RBC cutting its rates by 10 basis points over the weekend.

  • Toronto brokerage scores big bank coup

    Rack up another for the broker channel, with a successful bank defector joining a Toronto brokerage as it readies to take on 2014.

  • Brokers confident in monoline A-lenders

    Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.