The boss and many staff from First Marathon Mortgage, which was acquired more than a decade ago by ING Direct, have returned to the market with a new firm. Marathon Mortgage Corporation is headed by Harold R. Kennedy as president and CEO and is joined by many former colleagues from the previous incarnation. On its website the firm says it is committed to “strong underwriting standards with a common sense approach” and sets out its lending criteria clearly; including a minimum Beacon score of 680 and loans between $50,000 and $750,000 (although higher considered in some circumstance.) It is offering home loans across the country with the exception of Quebec and Territories. The firm also says that it “is committed to dealing only with mortgage brokerages and their
mortgage broker agents and will support the Mortgage Brokers & Lenders Associations across Canada.
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