💡See also: 5yr Yield Unchanged With U.S. Bonds Closed + Mortgage Tidbits CIBC has quietly pulled the plug on the mortgage origination business at its digital banking arm, Simplii Financial. The guillotine dropped on June 19.

As your devoted chronicler has reported for weeks, fewer borrowers are biting on variables. According to the latest official numbers for chartered banks, floating-rate market share fell in April from 43% to 40%. And it should drop again in May.

If you're a successful mortgage originator, you may be considering hiring help to call clients or manage inquiries. Or, you could skip the resumes, interviews, HR paperwork and salary, and adopt someone like Elizabeth. Elizabeth is less hire and more wire. She's a clever, affable bot