RE: Watched Ivan on BNN.caHey Freddie
I attended a mortgage symposium in Winnipeg in April. Spoke to some BDM's of some lenders who had heard XMC was in talks with TD Canada Trust. Don't know how accurate that is/was but if nothing has happened yet, then probably not much credence.
I can however see a major bank looking at Xceed as a lender to buy for the less than Prime Bank clients such as Optimum Mortgage (a div. of Cdn Western Bank). There is still a market for these clients and if prudent lending practices are used, there is a ton of money to be made.
Lorne