Haditaghi explains CEO search
Company founder Alex Haditaghi personally identified Ron Swift as the man to lead Pacific Mortgage Group to the “next level” as far back as eight months ago, he told MortgageBrokerNews.ca, with his decision to step down from the CEO post, in fact, ending a year-long search.
Swift takes over from Haditaghi
Ron Swift is moving into the captain’s chair of Pacific Mortgage Group, leaving lender MCAP.
Broker: Non-banks should jump on the mobile-home wagon
Mono-line and other non-bank lenders refusing to write mortgages on mobile homes are handing the growing niche market to the big banks, but also limiting market share for brokers, said one Halifax professional.
Brokers: TD rate hike signals industry shift
The move by TD Bank, RBC and CIBC to raise rates on fixed mortgages because of rising bond yields may result in a temporary boon for lenders able to resist following suit in the next 24 to 48 hours, said industry professionals reacting to Monday’s move.
MCAP going after the Big Five
Mortgage lender MCAP is taking direct aim at the big banks, with bonuses for brokers bringing in clients who would otherwise renew or refinance with the Big Five.