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Mortgage de-selection: Can your lender choose not to renew your mortgage?  - Mortgage Rates & Mortgage Broker News in Canada

In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer de-selection at renewal” as part of its efforts to slow its mortgage growth and be more selective of its client base. “I think this is a good time to drive that standard higher here because it’s a softer, slower housing market,” said Dan Rees, head of Canadian Banking. “We are also being more efficient with regards to our use of capital and using customer deselection at [&he...
Ron Butler Matthew Imhoff Frances Hinojosa Dan Rees Office Of The Superintendent Financial Institutions Tribe Financial

Three Executives Leave Scotiabank

Bank of Nova Scotia is losing Dan Rees, head of retail banking, head of investment banking James Neate, and chief technology officer Shawn Rose. CEO Scott Thomson has overseen a major change in leadership during his tenure, which began earlier this year. The bank is reducing its overall headcount by 3%. Other personnel changes were…
Scott Thomson James Neate Dan Rees Shawn Rose Three Executives Leave Nova Scotia

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