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Couple took out mortgage on home they didn’t own: Cops – Toronto Police allege the fraud began in September of that year when a man and woman visited a mortgage broker’s office in Scarborough, near Warden and Sheppard Aves., to apply for a $200,000 second.
‘Economical with the truth’: CBA rapped over broker commissions – Later in the day, Mr Huggins was probed over evidence of lax monitoring of CBA’s network of mortgage brokers, after an internal audit uncovered what Ms Orr dubbed “pretty obvious anomalies” in loan.
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Predatory and misleading? Absolutely. But, perfectly legal. Unlike in the subprime mortgage crisis, the most predatory brokers aren’t peddling bank loans. That’s partly because banks are increasingly.
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