Latest In Mortgage News – Industry Announcements

The latest in mortgage industry announcements include Equitable Bank raising the amount of equity seniors can access from their homes to 55%, inContact Partners with Newton to Offer New CRM Solution for Brokers, and a key appointment at one of the country’s top brokerages. Equitable has raised the amount of equity seniors can access from their homes from 40% previously to 55%, matching the equity take-out permitted by its competitor HomeEquity Bank. InContact is joining forces with Newton to provide a replacement solution to the current Nexa and Client Manager systems. M3 Group has appointed Peter Aceto as the new president of its Mortgage Alliance brokerage. Aceto has 25 years of experience in the financial services sector, including nearly a decade as the CEO of Tangerine Bank and ING Direct's North American footprint.

He also served as CEO of CannTrust Holdings Inc. and faced controversy when Health Canada issued a non-compliance order against the company. Aceto is looking forward to continuing the business's triple-digit growth in 4 short years.