Sale of Xceed ‘positive for brokers,’ says CEO
Concerns among brokers that Xceed will go the way of ING and FirstLine following MCAN’s announced takeover can be put to rest, says CEO Michael Jones.
Brokers want firewall around designated underwriting
RMG’s recent move to a more centralized underwriting service may be a sign of the times, say brokers, but they’re generally more concerned with protecting the designated underwriting service they see as crucial to maintaining efficiency.
MCAN to buy Xceed Mortgage
A major Canadian portfolio MIC will soon have CMHC origination access, announcing its takeover of Xceed Mortgage yesterday.
CMP releases complete list of nominees
CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.
Brokers are choosing prime time
Surprising poll results show brokers are still able to satisfy the majority of stated-income clients at prime lenders, despite tighter mortgage and underwriting regulations introduced last July.
MCAP feasts on FirstLine spoils
New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown.
Brokers back up rhetoric with business
New market share numbers suggest brokers are backing up their rhetoric about preferring to use monolines over the big banks as never before.
MCAP: B-20 a must-reader for brokers
Santa Claus makes his list and checks it twice, but brokers should also know OSFI will be checking up to see if they are helping lenders meet the new B-20 requirements.
Street Capital sweetens stated-income program
Street Capital’s revamp of its stated-income program to eliminate a rate surcharge, accept commission income as employment type and include all the features and flexibility of its regular mortgages is being welcomed by brokers looking to satisfy BFS clients.
Brokers accept olive branch from First National
If you offer it, they will come. Eventually.