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If a growing number of industry leaders “concede” brokers must buy down rate in order to compete, at least one remains focused on steering them away from the practice, with more than 600 now prepared to hear him out.
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Vernon Clement Jones
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03 Feb 2012 11:34 PM
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CIBC’s move to continue offering stated-income programs through its branches and road reps -- at the same time it kills them at FirstLine -- has added insult to injury, charge brokers, concerned about a loss of competitiveness.
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Vernon Clement Jones
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03 Feb 2012 05:29 PM
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He was a newsmaker in 2011 with his move from MCAP to Pacific Mortgage Group. Now it’s 2012 and Ron Swift is still making headlines for, among other things, his decision to join the opening keynote panel for this year’s The Mortgage Summit.
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CMP
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03 Feb 2012 03:43 PM
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A pair of mortgage industry veterans have joined Dominion Lending Centres, opening a franchise in the GTA.
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02 Feb 2012 04:28 PM
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Brokers who pooh-poohed concerns that stated-income lending was headed the way of the dodo bird are eating their words, with FirstLine sending its own segment of that business into extinction, effective Feb. 1.
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Vernon Clement Jones
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02 Feb 2012 02:08 PM
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Brokers turning to commission-free realties as a way around the traditional Realtor referral may want to rethink that strategy, said one mortgage professional pointing to his own “mediocre” results.
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Vernon Clement Jones
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01 Feb 2012 02:26 PM
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Most seasoned brokers object to buying down rate, but they, like everyone else, will soon have to get over it, says one of the industry’s most successful professionals. He has.
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Vernon Clement Jones
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01 Feb 2012 12:42 PM
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The government would need to furnish default statistics to justify any move to lower the loan-to-value cap for self-employeds seeking default insurance, said one leading Ontario broker, at the same time media reports suggest the feds are indeed moving in that direction.
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Vernon Clement Jones
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31 Jan 2012 03:57 PM
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Rack another one up for Canada’s “third” default insurer – more specifically another large lender, ING.
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Vernon Clement Jones
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31 Jan 2012 02:02 PM
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First-time homebuyers have traditionally been an important segment of the market for mortgage brokers and a new product from Mortgage Alliance aims to strengthen that relationship.
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John Tenpenny
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30 Jan 2012 06:48 PM
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