Why would Canada's largest mortgage originator, which has access to almost every lender in the land, decide to bankroll a brand new alternative lender? That's what we asked DLC Group after it took a 40% stake in the upstart Heartwood Financial Group (HFG). The business strategy

💡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.

Pine announced yesterday that it joined the billion-dollar club—$1 billion in mortgages under administration (MUA) that is. We caught up with CEO Justin Herlick last week to find out why this particular milestone deserves more than a polite golf clap from the fintech peanut gallery. He explained that Pine,

Servus Credit Union is rolling out its Halal Mortgage this fall through a new wholly owned subsidiary, Servus Halal. The product is a clever workaround to paying interest, which is banned by Sharia law. The structure caps loan-to-value at 80% with fixed monthly payments stretched over 25 years (because even