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: Cut pooling? Cut volume requirements
Fair is fair, says one seasoned mortgage professional: If lenders are bent on scrapping volume pooling, then, they must consider lowering their minimum volume requirements.
Vancouver brokers pinched by slump
Brokers in the once-hot real estate market of Vancouver are now experiencing the chilling effects of the new mortgage rules and buyers sitting it out, hoping for already falling home prices to plunge even lower.
Cross selling bolsters client retention
A broker now selling insurance to boost his product mix says it has also strengthened his hold on clients.
Brokers fear lender's ultimate departure
They may be jumping the gun, but some brokers are suggesting if ING Direct Canada is sold off, its buyer will move to take it and its extensive broker-client book out of the channel.
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.
B.C. broker back for second season of Oprah reality show
Lightening rarely strikes twice, unless you’re Vancouver mortgage broker Jessi Johnson, now invited back for the second season of an Oprah Winfrey reality show.
Brokers scramble to cash in FirstLine incentives
With just 12 days until Firstline bows out of the industry, brokers are still waiting on an announcement from CIBC on the fate of their POINTS and basisPOINTS accounts, with many now scrambling to cash them in.
Cashbacks here to stay?
Broker desperately clinging to cashback mortgage may not have to give them up after all with, provincial regulated monolines suggesting they'll continue to offer the product even as OSFI forces the banks it regulates to ditch it.
Veteran: Most brokers will accept CIBC offer
Mortgage brokers are now voicing relatively favourable critiques of CIBC’s offer to buy their FirstLine BasisPOINTS, with at least one veteran going so far as to call it “a pretty good deal.”