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Mortgage Broker News | 17 Apr 2013, 12:00 AM Agree 0
A guilty plea entered by a former Credit Suisse Group AG trader relating to the alleged inflation of U.S. subprime mortgage bond prices only reinforces reluctance among Canadian lenders, and that is unwarranted, says one broker.
  • Trevor | 17 Apr 2013, 08:52 AM Agree 0
    and the Credit Suisse guy may get 5 years .... really? Wow - thats a real deterrent (sarcasm).Criminals get more for stealing a car. He should get 25 years.
  • Blair Anderson | 17 Apr 2013, 09:28 AM Agree 0
    Serageldin isn't the first, and shouldn't be the last perpetrator dragged into court. There's a long list of fraudsters to go after.
  • Rick Lunny | 17 Apr 2013, 01:52 PM Agree 0
    I believe most people involved in the Alt-A/Sub-Prime business in Canada at the time ( and I was one) will agree the reason that sub prime lenders pulled out of the market was liquidity, caused by the global financial crisis. This created either an inability to get financing for mortgages in Canada or liquidity issues at their U.S. parents.
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