We’ve been waiting years for this, and it finally happened.
Newton Velocity, formerly MorWeb, can now send broker applications to virtually every lender Fina... Read More...
A few weeks ago, S&P said Canadian bank risk was rising, and it blamed mortgage brokers in the process.
The rating agency wrote:
“…The growing share o... Read More...
Banks continued to eat up market share in the fourth quarter, growing their portion of the broker pie by 5.4 percentage points vs. Q4 2016.
For the full year, ... Read More...
CMHC head Evan Siddall made a comment last fall that has credit unions worried.
"CMHC will be seeking data from securitization program participants on their ... Read More...
Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage.
But there’s one problem. Unlike... Read More...
Despite a decade of double-digit growth, HomeEquity Bank has zero meaningful competition.
Remember these guys (Seniors Money)? They lasted only a year.
Bu... Read More...
Whaddayaknow? Scotiabank's #1...again.
The broker channel's most-used lender racked up even more market share in Q3, courtesy (in part) of Finance Canada's c... Read More...
The most important company in Canada’s non-prime mortgage market today is Home Capital. Not because it’s the #1 lender by volume (that honour goes to Equitable ... Read More...
Most of the financial world is already heavily invested in online distribution.
And then there’s the mortgage business.
Our industry is scampering to catc... Read More...
It’s one of the biggest broker channel acquisitions in Canadian history. M3 Mortgage Group is buying broker network VERICO Financial Group.
M3, which already... Read More...
Robert McLister is one of Canada’s best-known mortgage experts, a mortgage columnist for The Globe and Mail, and Founder of mortgage broker intelliMortgage Inc., RateSpy.com, a website comparing Canada's best mortgage rates and the reverse mortgage advisory firm, Seniors Equity.
