Nesto Group, the VC-backed mortgage fintech with $73 billion of mortgages under administration, has taken a 20% stake in alternative lender Maple Financial. The investment was made through CMLS, nesto's lender subsidiary. The two companies call it a "technology-driven partnership designed to accelerate product development [and] expand

Two powerhouses in the world of MIEs (mortgage investment entities) are joining forces. Neighbourhood Holdings has acquired Fisgard Asset Management, forming one of the largest non-federally regulated private alternative lenders in the country. The deal closed Friday with the combined firm now managing roughly three-quarters of a billion dollars in

If you want to bet on the Canadian mortgage brokers industry, you'll soon have a new way to do it. RFA Capital Holdings recently announced a merger with Artis REIT that will create a new publicly traded company called RFA Financial. The retooled firm’s revenue model will

Canadian bank branches vanished at the second-quickest clip this century, according to fresh CBA data. And frankly, it wouldn’t shock many if the pace accelerated. It's an uphill battle, but banks are trying hard to keep branches relevant in a digital world. After all, they have so