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- National Bank Shutters Broker Division December 2, 2016When it rains it pours. On the heels of Ottawa’s broker-unfriendly insurance rules comes word that National Bank will no longer sell its branded mortgages through brokers. National Bank had 2.5% share of the broker market as of last quarter, according to D+H. Brokers represented about a quarter of its mortgage production. This now leaves Scotiabank and […]
- Ottawa’s Gift to Lenders: Some Numbers December 1, 2016Happily, it’s only taken six hours to update 183 rates and 25 lenders’ policies following today’s default insurance rule changes. I reckon I’ll be done combing through the rate sheets and policy updates by the weekend, just in time to question the grey matter of those responsible for this absurdity. Here’s some of the results so far of the DoF’s mortgage insurance […]
- Mortgage Career: Verico Homeguard Funding Ltd. November 29, 2016Company: Verico Homeguard Funding Ltd. Position: Mortgage Underwriter (Full time, salary + bonus) Location: Newmarket, ON Apply to: email@example.com Mortgage Underwriter (Full time, salary + bonus incentive) Experience Required: 2 years+ experience in the mortgage industry, willing to train the right candidate Licences Required: Agent Licence considered an asset but not required The underwriter […]