MortgageLogic.news (Page 36)

Need Cash? Community Trust's 2nd Mortgages Keep Your Low Rate Locked

Robert McLister Jan 23, 2024 11:51 PM ET

In the world of lending, second mortgages are the middle children—often overlooked. Few federally regulated lenders even sell second mortgages, but Community Trust Company (CTC) is one of them. The company recently announced that it expanded the list of lenders it lends behind. CTC now offers second mortgages to

Sizing Up Strive's New Prime Uninsured Mortgage + Mortgage Bytes

Robert McLister Jan 23, 2024 3:12 AM ET

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

OSFI Chimes In on Fixed-Payment Variables Again

Robert McLister Jan 20, 2024 8:22 AM ET

At TD Securities' annual financial services conference last week, Canada's top bank cop, Peter Routledge, reminded everyone how he's not a fan of fixed-payment variable mortgages. He told the audience, "We’re making changes to capital requirements that 1) ensure both lenders and mortgage

History Shows: Expect Unexpected Rate Detours

Robert McLister Jan 18, 2024 11:59 PM ET

💡If these bulletins impart a trifle of value in your daily life, your support for CMP's 'Industry Service Provider of the Year' would be sincerely appreciated! CMP accepts nominations here. Canada's closely-watched 5-year bond yield is suddenly 38 bps higher year-to-date. That's

Tracy Gomes Lays Out the Blueprint for Scotiabank's Mortgage Future

Robert McLister Jan 17, 2024 1:30 PM ET

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

Need Cash? Community Trust's 2nd Mortgages Keep Your Low Rate Locked

Sizing Up Strive's New Prime Uninsured Mortgage + Mortgage Bytes

OSFI Chimes In on Fixed-Payment Variables Again

History Shows: Expect Unexpected Rate Detours

Tracy Gomes Lays Out the Blueprint for Scotiabank's Mortgage Future

Mortgage Memo: Nov. 15

Mortgage Memo: Nov. 14

Banks vs. Brokers: How to Prevail in this Gladiator Rumble