10-year fixed increasingly easy and lucrative sell for brokers
Scotia has joined other lenders in presenting a special offer on 10-year fixed mortgages, widening the smiles on brokers now facing a surge in clients interested in longer terms as a hedge against the eventual spike in rates.
Brokers accept olive branch from First National
If you offer it, they will come. Eventually.
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.
Demise of the buyers’ bonus a boon to brokers
B.C.'s new home credit for first-time buyers expires on March 31 – and that's great news for brokers tired of seeing many clients lured to a developer's lender.
Ron Butler reads between the lines
In the fall, lenders came bearing the gift of advertisements promoting mortgage brokers to consumers. Verico broker Ron Butler reads between the lines of those ads.
Brokers: ING spoils up for grabs
It’s no dead certainty brokers will divert ING deals to Scotia, in fact, argue some, the spoils could go to monolines able to duplicate the lender’s star offerings.
ING Direct moving to cease broker originations
For some brokers, it reads like a "Dear John" letter, but on Wednesday, ING Direct announced it will cease accepting new applications from brokers on Feb. 16, at the same time recommending its new parent company Scotia to mortgage professionals.
Speak now or forever hold your peace
Insurance and mortgages are tying the knot at a growing number of brokerages, but don’t expect creditor insurance providers to object to the union. Far from it.
Brokers channel pumps $1.2 million into charity
Growing originations wasn't the only focus of brokers this year, with their collective efforts for charity surpassing last year's grit, determination and, indeed, generosity.
Mortgage industry headed for national licensing: broker
A seasoned broker foresees and, indeed, welcomes the mortgage industry’s move towards a national licensing regime, pointing to the development of a regulatory council.