As usual, thanks to CMT for their excellent insight to Canadian broker channel lenders stat.
It appears that First National and Scotia are doing really bad in terms of business with mortgage brokers.
Probably commission cut have played a major role into it.
First National has already went back to its post cut commission state. If this would help them to regain their business is not easy to say. Based on experience we can say that it is possible.
MCAP, TD strengthened their market position from post First Line businesses and Home Trust gained its share by doing more B business.