Laurentian’s mortgage book shrinks as bank advances sale transactions
Laurentian Bank reported a second-quarter loss tied to restructuring and transaction costs, while its residential mortgage portfolio continued to decline as the bank...
Xactus turns a rival’s tool into its own fintech bet
Xactus bought a platform used by its competitors and turned it into a new subsidiary and company leaders say the deal is less...
Fixed mortgage rates head higher, with one silver lining for some borrowers
A recent spike in bond yields has lifted fixed-rate offers, but homeowners breaking a mortgage could see lower penalties, depending on their lender.
Why Panorama Mortgage rebranded as SimplyPMG
In deciding to rebrand its company, Panorama Mortgage Group wanted to emphasize simplicity, said Hector Amendola, its president.Processing ContentSo SimplyPMG is now what...
Scotiabank to buy small Dallas bank in mortgage-finance play
Scotiabank agreed to acquire Maple Financial Holdings Inc., which owns a small U.S. commercial bank, as the Canadian firm looks to expand its...
Mortgage tech roundup: New tools for lenders and brokers
In the heat of the homebuying season, multiple companies in the mortgage industry are rolling out new products to stand out from competitors.Processing...