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Counsel Corporation CXSNF

A financial services company


GREY:CXSNF - Post by User

Post by kingposton Jun 20, 2014 4:40pm
338 Views
Post# 22681197

question on roll overs?

question on roll overs?As others pointed out  here, it has been stated/promoted over and over how counsel will get higher spreads when mortgages roll over  after 5 years..... this does not make sense to me because cxs relies on the morgage broker chanel to originate,  how could they just take over the account after five years turning their back on the original broker? and also would not the original broker contact the mortgagee at roll over time?I think pushing the original brokers aside would upset the brokerage community and be negative....Any experts out there care to comment on this....?
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