Some lenders have an unconventional idea of partnership. They boldly label brokers as their "partners" but treat them with the same respect one might reserve for a telemarketer who calls during dinner.
If you're a lender, one strange way to show broker partners you 'care' is to withhold your best
Rental and commercial boutique lender Glasslake Funding just made a push into Alberta and B.C. We caught up with Glasslake President and former Home Trust Underwriting EVP Mike Forshee to check on the opportunities he's prospecting out there.
He tells us, "We will continue to go into secondary markets
First National, a top 5 player in the broker market, recently put a new spin on its rental property underwriting guidelines, adding a touch more flexibility.
In a time when so many investors have gone into hibernation, however, the move may seem curious to some. Intrigued by this shift, we
BMO's highly anticipated re-entry into the broker market is more than just a headline – it's a robust "vote of confidence in the broker channel" declared BMO Capital Markets analyst Étienne Ricard today.
On First National's conference call today, Ricard questioned CEO Jason Ellis about it, asking, "What do the banks
As mortgage brokers are painfully aware, the channel's former undisputed #1 lender—Scotiabank—pulled way back from the space last year.
Despite mortgages being an anchor product for the bank, it said it needed to reassess its entire approach to real estate secured lending in order to manage its balance
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