A lawyer in one of Canada’s busiest housing markets is confirming a trend that costs some monoline clients more in legal fees, and he argues it’s up to his industry to change that
Frustrations mount that the banks aren’t passing the entire savings onto their clients in the wake of another axed benchmark rate.
Stingy – that’s how brokers may characterize the 10 bps drop by banks yesterday, and leaving the door open to monolines.
Broker dismisses “shadow” lending talk as “nonsense”.
What effect will one major mortgage insurer’s new guidelines have for brokers and their clients?
Say it ain’t so – a new CAAMP report suggests bank reps are just as good at converting first time homebuyers into clients.
Believe it or not, lenders are working overtime to outdo each other with increases to broker compensation in a market so often compared to Canada’s.
In the final part of his two-part series, one leading broker explains the buydown component of his renewal conversion process.
It may be a controversial tactic, but one leading broker has established a rate buydown system specifically tailored to switching lenders at renewal. Dustan Woodhouse of Dominion Lending Centres explains.
When it comes to their best rate, big banks can play coy. And one broker has developed a strategy to force banks to reveal their dishonesty to potential clients.