latest

MLN NewsStream

DLC Group Grows Again With Real Mortgage Associates Acquisition

💡Also in this edition: • Mortgage Bytes The consolidation wave continues in Canada's mortgage broker industry. Mortgage Centre Canada (MCC), a subsidiary of mortgage juggernaut DLC Group (DLCG), just snapped up Real Mortgage Associates (RMA) and Broker One. DLCG sealed the deal last week, CEO Gary Mauris told MLN....
đź’ˇ
Also in this edition:
• Mortgage Bytes

The consolidation wave continues in Canada's mortgage broker industry.

Mortgage Centre Canada (MCC), a subsidiary of mortgage juggernaut DLC Group (DLCG), just snapped up Real Mortgage Associates (RMA) and Broker One. DLCG sealed the deal last week, CEO Gary Mauris told MLN.

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now

Behind Laird’s Departure: Insights from Ratehub’s Pioneer

A few weeks ago, when MLN broke the news that James Laird was stepping down as co-CEO of Ratehub, we knew this was the end of an era. But we didn't know why. So, MLN got the 'why' from the man himself, along with essential intel for our tech-forward mortgage readers. If your world orbits online mortgage strategy, bookmark this interview....

A few weeks ago, when MLN broke the news that James Laird was stepping down as co-CEO of Ratehub, we knew this was the end of an era. But we didn't know why.

So, MLN got the 'why' from the man himself, along with essential intel for our tech-forward mortgage readers.

If your world orbits online mortgage strategy, bookmark this interview.


You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now

First National's 6-month Mortgage Hack for Entrepreneurs

As any mortgage pro can attest, income on tax documents doesn't always reflect a borrower's true financial capacity. For entrepreneurs, write-offs, erratic cash flows, and lack of declared income can make traditional income docs as useful as a helicopter ejector seat. That's why many alternative lenders swap NOAs and T1s for bank statements when vetting income. Such programs have been getting more challenging, however. Take six-month bank statement programs, for example, which is where lenders...

As any mortgage pro can attest, income on tax documents doesn't always reflect a borrower's true financial capacity. For entrepreneurs, write-offs, erratic cash flows, and lack of declared income can make traditional income docs as useful as a helicopter ejector seat.

That's why many alternative lenders swap NOAs and T1s for bank statements when vetting income. Such programs have been getting more challenging, however.

Take six-month bank statement programs, for example, which is where lenders annualize income based on a half year of cash flow—as evidenced by the borrower's bank statements. These flexible programs have been a dying breed at institutional lenders. But First National has brought the program back to life, at least for a while.

Its Excalibur alternative lending channel has a zesty new 6-month bank statement promo called "BFS6." We snagged time with EVP Scott McKenzie to dive into its significance.

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now

Rate Psychology Shifts

💡Also in this weekend's edition: • CMHC Makes Controversial Multi-Family Move • Mortgage Bytes⚠️Important note for Outlook users: Outlook has made changes that may affect the deliverability of MLN bulletins. If you don't see MLN emails in your inbox or bulk folder, have your Outlook administrator "release" the emails from "Quarantine" and safelist mortgagelogic-news@ghost.io . So far, June is shaking up the rate market like a snow globe, and there may be more to come. Canadian yields have col...
đź’ˇ
Also in this weekend's edition:
• CMHC Makes Controversial Multi-Family Move
• Mortgage Bytes
⚠️
Important note for Outlook users:
Outlook has made changes that may affect the deliverability of MLN bulletins. If you don't see MLN emails in your inbox or bulk folder, have your Outlook administrator "release" the emails from "Quarantine" and safelist mortgagelogic-news@ghost.io .

So far, June is shaking up the rate market like a snow globe, and there may be more to come.

Canadian yields have collapsed 50+ bps in two weeks as markets figure out that inflation may not be as clingy as they thought. A move this seismic reflects a major rethink in market psychology.

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now

Equitable Bank to Stop Originating Prime Mortgages Through Brokers

💡Also in this edition: • OSFI Boss Steadfast on Stress Testing Switches • U.S. CPI Pounds Yields Lower • Fed's Patience Game Continues • Mortgage Bytes For "Canada's Challenger Bank," insured single-family mortgage lending was apparently too much of a challenge. Equitable Bank is following in competitor Home Trust's footsteps by tossing in the towel on insured mortgage originations through brokers....
đź’ˇ
Also in this edition:
• OSFI Boss Steadfast on Stress Testing Switches
• U.S. CPI Pounds Yields Lower
• Fed's Patience Game Continues
• Mortgage Bytes

For "Canada's Challenger Bank," insured single-family mortgage lending was apparently too much of a challenge.

Equitable Bank is following in competitor Home Trust's footsteps by tossing in the towel on insured mortgage originations through brokers.
​​

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now
You've successfully subscribed to MortgageLogic.news
Great! Next, complete checkout for full access to MortgageLogic.news
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.