Nick Kyprianou news

  • MIC consolidation the answer to increased regulations?

    One industry player expects Mortgage Investment Corporations to go the consolidation route in the face of increased regulatory oversight.

  • Veteran player establishes MIC

    Former Equity Financial Trust CEO Nick Kyprianou announced Thursday the establishment of RiverRock Mortgage Investment Corporation.

  • Plan is set to have Equity Financial's CEO reinstated

    Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.

  • Brokers buoy B lender

    Equity Financial Trust’s decision to focus on mortgages has been a good move, with the release of its second quarter numbers hinting at the growing popularity of B business in the wake of ever-tightening lending rules.

  • Alternative lender sells division to focus on mortgages

    Alternative lender Equity Financial is selling its transfer agent business in an effort to deepen its pockets and better focus on a rapidly growing retail mortgage operation.

  • Alt lender to ‘newbie’ broker: Don’t gum up the works!

    When it rains, it pours. Alternative lenders are reporting a record number of originations largely due to a tide of borrowers shut out by the big banks. But will a stream of ill-prepared apps clog the pipe?

  • Lender questions the value of REDX

    A lender is joining brokers in questioning the industry’s use of REDX, arguing the system, meant to flag fraud, is too often misused by underwriters and other subscribers.

  • Specialist removes 'mortgage broker' from web name

    “TDmortgagebroker.com” – The website of a TD mortgage specialist – has now been removed after MortgageBrokerNews.ca queried the unlicensed use of that name.

  • 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

  • Broker: Time to give BDMs approval power

    A leading Toronto broker is asking lenders to consider returning limited approval power to BDMs, at the same time making those front-line reps more accountable for their underwriting decisions.