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Scotia Throttles Back its Readvanceable Business

Scotiabank, the '800-pound gorilla' of mortgage broker lenders, is making it more challenging to get its Scotia Total Equity Plan (STEP) readvanceable mortgage. And that leaves a product gap for both brokers and Scotia retail reps.

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Lender
Scotia Throttles Back its Readvanceable Business
Lender

Scotia Throttles Back its Readvanceable Business

Sep 23, 2024 11:55 PM ET

Scotiabank, the '800-pound gorilla' of mortgage broker lenders, is making it more challenging to get its Scotia Total Equity Plan (STEP) readvanceable mortgage. And that leaves a product gap for both brokers and Scotia retail reps.

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Manic Mortgage Competition as Rates Hit Two-Year Lows

What a week for the real estate market. Another week like this, and your earnest author might have to hang up his keyboard and get a realty license. Just fooling, of course, those lockboxes are too tricky. Nonetheless, before this week, many had been worrying about home prices breaking down,

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Rates
Manic Mortgage Competition as Rates Hit Two-Year Lows
Rates

Manic Mortgage Competition as Rates Hit Two-Year Lows

Sep 21, 2024 1:44 PM ET

What a week for the real estate market. Another week like this, and your earnest author might have to hang up his keyboard and get a realty license.

Just fooling, of course, those lockboxes are too tricky. Nonetheless, before this week, many had been worrying about home prices breaking down, given that 75 bps of cuts didn't work as advertised. Fortunately, this week's developments (insurance loosening, sub-2% inflation and the Fed cut) are just what real estate doctors ordered. 

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

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Crisis-Sized Cut From the Fed Gives BoC More Options

Watch what they do, not what they say. That's the takeaway from Wednesday's Fed rate cut announcement. (Decision Details) What came out of the Fed Chair's lips was:

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Bank of CanadaRates
Crisis-Sized Cut From the Fed Gives BoC More Options
Bank of CanadaRates

Crisis-Sized Cut From the Fed Gives BoC More Options

Sep 18, 2024 11:59 PM ET

Watch what they do, not what they say.

That's the takeaway from Wednesday's Fed rate cut announcement. (Decision Details)

What came out of the Fed Chair's lips was:

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now
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