ING takeover boosts Scotia’s earnings
Scotia’s acquisition of ING Direct may have been a blow to the broker channel, but it gave a much-needed boost to the big bank’s second-quarter net income earnings.
Eisner ready to defend top broker status
The CMP Top 75 Brokers list is back – will you be on it this year? CMP magazine is now calling for broker submissions for its ranking of Top 75 Brokers by funded volume for 2012.
Big lenders will follow BMO bandwagon
BMO’s posted 5-year-fixed rate of 2.99 is nothing new, says True North’s CEO Dan Eisner; still other major lenders will be quick to follow suit despite warnings from federal finance minister Jim Flaherty of a potential rate war.
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.
Brokerage expands footprint as market slows
All brokerages should have this problem, with True North Mortgage pointing to business growth as the reason for opening its third location in Calgary, and, indeed, its ninth nationwide.
Luxton: We're 'commited' to help workers transition
ING Direct – and, indeed, Scotia -- is actively working to find placements within the two organizations for workers affected by the coming exit, says an exec now deluged with broker well-wishes.
Lender paperwork frustrates brokers, lawyers
A leading broker is asking channel lenders to look at standardizing their instructing documents for lawyers, a way of easing the headache for legal and mortgage professionals, alike, but also creating a competitive edge for the industry.
And the Top 10 brokers are...
The top 10 brokers on this year’s CMP Top 50 Brokers list, really upped their game in 2010. Nine of them topped the $100-million mark, with the top three going over $200 million, including the No. 1 broker...
Growing number of brokers look to salaried positions
A brokerage hawking salaried positions instead of tried-and-true commissions is pointing to a slowing market to explain a significant increase in the number of brokers jumping at the opportunity.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.