It's been over two years since lender Strive Capital ventured onto the mortgage scene. In that time, it has charmed the broker crowd and muscled in on market share. And it did so without a staple of lending: prime uninsured mortgages.
Last week, Strive finally plugged that gaping
After almost 18 years, the man who built Scotiabank’s mortgage broker business retired last month. John Webster’s departure and Scotiabank’s pullback from mortgages last year left some wondering how committed the bank was to brokers and rate competitiveness.
To find out, we connected with the person stepping
• A landlord "trick" to bypass rent control
• BoC repo action triggers liquidity fears
• CMLS revamps mortgage broker incentives
• Mortgage Bytes
This could be the best year for mortgage investment corporation (MIC) returns in decades, at least for some of them.
That's the outlook
The thorn in big banks' side will soon be gone. After a shoddy review by the Competition Bureau, the Finance Minister has given HSBC's merger with RBC the bureaucratic blessing we all saw coming.
HSBC was the one Big 6 challenger with low enough uninsured funding costs
Credit unions are an afterthought for many Canadians. Yet, CUs are critical to the mortgage ecosystem because they compete in ways that banks don't.
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