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RBC and brokers in the same boat?

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Mortgage Broker News | 24 May 2012, 11:00 AM Agree 0
Rising revenue, but dwindling profits. It’s the primary challenge facing Canadian mortgage lenders and brokers, and now new results suggest RBC is no exception.
  • Joseph Trombetta | 25 May 2012, 05:55 AM Agree 0
    The two Banks that are fighting to increase market share, are not being social responsible to our mortgage market. Especially the first time buyers that need maximum amortization to qualify. The rate wars is about winning the " rich clients ". But that is my humble opinion.
  • Derek Rowley | 26 May 2012, 08:14 AM Agree 0
    In regards to Broker's/Agents sacrificing commission to land the deal, in the going on 13 yeras I have been an agent, i have yet to do a buy down nor will I bow down ever.I tell my clients that like them, I have a mortgage and a family to feed and ask them how would you like it if your employer asked them to forfeit half their paycheque. Be assured their union would form a strike line so fast. Why should any broker/agent have to sacrifice commission for doing a good job?

    As for mono-lines and their commissions, if these lenders would band together and move forward against the Big 5, it wouod be a win win for the lender, broker and client. Does the word greed mean anything to ya Billie?

    Let the banks fight it out and once they have killed themselves we can then move in for the spoils.

    Just my opinion


    Derek Rowley
  • Competition. | 26 May 2012, 03:15 PM Agree 0
    Competition is good. Let the best mortgage service provider and price win. Customer will determine whether tobdeal with you or not.
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