The company is pleased to announce that Anthony Pistillo has joined the company as Vice President, effective today.
Market share growth has attracted unwanted attention from the OSC
One industry player expects Mortgage Investment Corporations to go the consolidation route in the face of increased regulatory oversight.
Former Equity Financial Trust CEO Nick Kyprianou announced Thursday the establishment of RiverRock Mortgage Investment Corporation.
Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.
Equity Financial Trust’s decision to focus on mortgages has been a good move, with the release of its second quarter numbers hinting at the growing popularity of B business in the wake of ever-tightening lending rules.
Alternative lender Equity Financial is selling its transfer agent business in an effort to deepen its pockets and better focus on a rapidly growing retail mortgage operation.
When it rains, it pours. Alternative lenders are reporting a record number of originations largely due to a tide of borrowers shut out by the big banks. But will a stream of ill-prepared apps clog the pipe?
A lender is joining brokers in questioning the industry’s use of REDX, arguing the system, meant to flag fraud, is too often misused by underwriters and other subscribers.
“TDmortgagebroker.com” – The website of a TD mortgage specialist – has now been removed after MortgageBrokerNews.ca queried the unlicensed use of that name.