Scotia news

  • ING transition to Scotia almost complete

    With the transition of ING employees to Scotia, many have found employment elsewhere in the industry, despite a goal for 100 per cent placement within the major lender, says the former head of broker sales with ING, Kim Luxton.

  • Search for the best rate stressful, poll reveals

    An ING survey suggests 59 per cent of Canadians find negotiating for the best rate the most stressful part of obtaining a mortgage – ironically, results that provide support for the mortgage brokers ING has now left behind.

  • Bleak 2013, better 2014 predicted for resales

    CREA’s resale housing forecast is rather bleak for 2013 – but promises great things for 2014.

  • Industry vet: Fraudster's sentence hurts brokers

    Nova Scotia veteran Richard LeBlanc is upset that a convicted mortgage fraudster has been handed what he terms a slap on the wrist, a lenient sentence that threatens to tar all brokers with the same brush.

  • Brokers say “Thank you BMO”

    BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers.

  • MCAP feasts on FirstLine spoils

    New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown.

  • Broker urges investment over trailer fees

    The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times.

  • FirstLine deals a blow to CIBC profits

    CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results.

  • Brokers as much to blame as banks?

    A MortgageBrokerNews.ca article detailing one man’s battle with TD over a $17,000 mortgage penalty generated a maelstrom of comments and criticism not only for lenders, but brokers.

  • ING departure teaches hard lesson, say brokers

    Now that ING has officially left the channel, brokers remember a company that was great to work with – but also one that has taught them a valuable lesson.