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Mortgage Broker News | 06 Aug 2010, 09:28 AM Agree 0
A $12-million mortgage fraud was discovered by police in Calgary that involved 22 homes and eight banks.
  • Dave | 07 Aug 2010, 02:40 AM Agree 0
    Yet another case of fraud. I wonder when and if lenders might decide that working with mortgage brokers isn't worth their trouble.

    How are people like these let into the industry?
  • mortgage broker | 07 Aug 2010, 04:05 AM Agree 0
    To Mortgage Person... if you think Mortgage Brokers are all crooked, then you are mistaken.. if you think the Mortgage Specialists that work for the Big Banks are all legit and honest, then you are naive... There have been several infamous cases where Bank employees where involved with mortgage fraud... the Specialists are not held accountable and have no reporting or qualifying process before being released and let out to the public to sell mortgages.... Mortgage Brokers are accountable in most provinces and are held to a very high standard.. I think the standard can still be improved.. but the Banks should also be held accountable....
  • Sudip Adhikari | 10 Aug 2010, 10:20 AM Agree 0
    Fraud is dark side of the financial industry. That does not necessarily taint the whole industry. I guess I can say that exceptions prove the law.
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