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Mortgage Broker News | 28 Mar 2011, 12:30 PM Agree 0
Brokers prepared to let Alt-A and non-prime clients pass them by may miss out on the market's fastest growing segment, those attending the recently held CMP Mortgage Workshop were told.
  • Max J. Cafissi; CENTUM Home Quest Mortgage Centre | 29 Mar 2011, 09:19 AM Agree 0
    Where is this guy coming from ? On the one hand he speaks about people who don't qualify for Bank rates needing High Ratio financing. Guess what ? If you have bruised credit, can't or won't prove income, and have been in business more than 2 years, High Ratio financing is not an option.
    On the other hand he speaks about Brokers having to learn to establish themselves in the non-conformuing market ( ie Private Lending ). Hello, that's what Brokers were doing 40 years ago. Where has he been all this time ? This is the new President of IMBA ? What are we in for ?

    The reality of our Economic situation is without a job or provable income, people should not be in home ownership. That's what got our neighbours to the South into the mess they're in. Now, Mr. Collu is suggesting we do the same ? Does he not recall all the hype that came north is 2004-2006, promoting the "Sub-Prime Revolution". How could he forget. He was part of it at First National Financial as head of their non-conforming product.

    Is this guy for real or is he just smoking some funny tabacco ?
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