Analyst, GCM Banking – Toronto, ON

Analyst, GCM Banking – Toronto, ON

GCM Banking is responsible for the profitable performance and acceptable risk profile of the portfolio of GBM Financial Institutions targets and relationships. The Analyst will work with teammates and business units within GBM to manage a portfolio of Financial Institutions account relationships. Key Job
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VA plans rule change to fight loan churning

“This churning is not an industrywide problem,” said Todd Jones, president of BBMC Mortgage. “There is a small sub-segment of lenders who have increased their marketing for IRRRLs and, in some cases, have done misleading advertising and solicitation,” Jones told Scotsman Guide News. “They are
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Mudslide victims: School founder, real estate broker remembered

The luxury real estate agency called her loss “incredibly devastating” and said she was an exceptional woman. “We intend to carry out her life's work with the same strength, grace and elegance that wholly defined Rebecca,” the statement said. She is survived by a husband and two adult children.
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Growing Concerns Over VA Loan Churning

A Ginnie Mae official told Congress this week that his agency has growing concerns over the incidence of “loan churning” in the VA mortgage program. Michel R. Bright, Ginnie Mae's Executive Vice President and COO was among four mortgage industry experts testifying about the issue to the House
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Amazon may have dropped a clue about its new headquarters

Fortune asked Amazon for comment on its Boston office space and will update this story if a response is received. The Boston metro region has already seen rapid expansion by Amazon, where the company employs about 1,000 people. Amazon's first major office was opened five years ago in the
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Kelowna: What Vancouver used to be like

Construction has begun on a condo tower in downtown Kelowna that, when completed in 2020, not only will be the tallest building between Vancouver and Calgary, it will symbolize a remarkable change in the real estate market dynamics of British Columbia's Lower Mainland. The building known as
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Housing market on upward trend

According to Freddie Mac, the Federal Home Loan Mortgage Corporation, baby boomers have been slower to sell the family home than previous generations. Reasons behind baby boomers staying put include living longer and healthier and rising home prices. Due to the rising home prices, smaller
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Commercial Property / Secured Lending Solicitor

Are you seeking an opportunity to progress with a well-known boutique practice in the West End? You will deal with a broad range of Commercial Property, Secured Lending, and some HNW Residential, making for a much more interesting role. The firm. Based in the heart of the West End, this firm has
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How Blockchain is Banking the Unbanked

It may be hard to believe, but two billion people in the world still do not have a bank account. Most of them live in low and middle income emerging markets, but even in high-income countries, large numbers of people are unable to use banks to meet their day to day financial needs. This means they don't
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Strathalbyn Race 9 – Next Lending Mixed Stake Pr2


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Trump Plans to Bring at Least Six Cabinet Secretaries to Davos, Sources Say

President Donald Trump is planning to bring a big delegation with him to the small Swiss ski town of Davos in two weeks, including at least six Cabinet secretaries and some of the White House's senior staff, according to two people involved in the administration's plans. Treasury Secretary Steve
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Lyft Partners With Brewery on Beer That Comes With Discount Rides

“Five Star Lager is a no-nonsense, bright-tasting beer that is perfect for a nightcap,” Rob Sama, the founder of Baderbräu, said in a statement to Fortune. “We think it will appeal to avid craft beer drinkers as well as those who are new to the craft beer scene.” Lyft has committed to 24,000 cans. After the
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LENDING OPERATIONS AGENT

Lending Operations Analyst. About this Role: The Lending Operations Agent is responsible for case management of mortgage applications from application submission through to completion. The agent will work with brokers and credit underwriters to ensure all new applications have the required
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Real estate daily market update: January 11, 2018

The Market Composite Index, a measure of mortgage loan application volume, increased 8.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 46 percent compared with the previous week. The Refinance Index increased 11 percent from the
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Real Estate Crowdfunding Site, HomeFundMe, Expands

According to the article in Housing Wire.com, the real estate crowdfunding platform is approved by Fannie Mae and Freddie Mac and was created by a privately held mortgage banking firm called CMG Financial. Borrowers using the crowdfunding platform have to use CMG Financial as their lender, but
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Banking recruiters in Asia frustrated by “me-me-me” candidates

“I hope to see banking candidates focusing less on the 'me-me-me' issues at interviews: what can the company do for me? What can I learn? How can I progress?” says Angela Kuek, director of search firm Meyer Consulting Group. “To increase their chances of landing a job, they should shift their
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PennyMac Announces Launch of Broker Direct Channel

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Financial Services, Inc. (NYSE: PFSI), a leading U.S. mortgage lender, today announced the launch of its Broker Direct channel, offering mortgage brokers access to the Company's state-of-the-art POWER℠ platform combined with its unique
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'Noisy' fourth quarter for banks, but bright 2018 ahead, say analysts

It may be a tough quarter for banks this earnings season, but all signals are pointing to a brighter future in 2018, analysts told CNBC on Thursday. Banks may see losses in the fourth quarter as they prepare for changes in the tax code, but the sector will benefit from lower corporate rates in 2018, said
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Real estate agent, Catholic school founder among dead in California mudslides

As rescue crews continued to trudge through the wreckage left by devastating mudslides in Southern California Thursday, some of the 17 dead were identified — including loving grandparents, a retired nurse and the founder of a Catholic school.
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A year in review: Top 3 policy developments impacting Canada's housing market

Be it personal or business, January is a time for reflection. A lot can happen over 12 months and we know staying up-to-date on everything going on at CREA can be difficult. Over the next few weeks, we'll be taking a look back at the year that was in Canadian real estate. Have something to add?
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