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Mortgage Broker News | 12 May 2017, 08:15 AM Agree 0
One industry head has voiced his company’s confidence in the embattled lender
  • Frank T. | 12 May 2017, 09:44 AM Agree 0
    Home Capital/Trust did this to themselves. Knowingly took bad deals from brokers, mislead investors. They only service top brokers...brokers sending less than $10M anually typically get poor service. I have zero empathy for Home Capital. The only reason I hope this gets cleared up soon is for the benefit of other good lenders in the same scope and for some of the good staff Home Capital has that doesn't deserve to weather this storm.
  • Hensey Khan | 12 May 2017, 10:01 AM Agree 0
    I still believe hometrust had better book of business than a lot of other lenders.
    Their situation is more related to a panic that has been created in the marketplace which will settle down.
  • northwood mortgage | 12 May 2017, 11:12 AM Agree 0
    after doing business with home trust for over 20 years and doing a 100 million dollars a year with them Northwood mortgage stand behind them 100%
    steve kates v.p.
  • J. Pollard | 12 May 2017, 01:49 PM Agree 0
    I can see how DLC or any other company is offering support. Business in not "as usual" for Home Trust and the money they claim to have in security means nothing as they cannot close a deal for me after issuing a commitment for $225,000??? The deal completed and instructions sent to solicitor and now I am hearing from them that they likely will not have the money until June! I'm now scrambling to complete this deal with another lender before the clients go to the branch. Be careful with deals sent to HT...what does pass lending experience have to do with what is happening now?
  • Cyrus | 04 Jul 2017, 05:48 AM Agree 0
    Bravo Dominion Bank,
    In this time of lagging other industries, the construction industry is driving the Canadian economy engine so it was the best decision that has been made.
    Real estate is playing a big role in the economy and the governments at all three levels have to support it to absorb the investors' attention. we have lots of infrastructures work to do with the taxes that mostly is driven from real estate.
  • Trevor E. | 15 Sep 2017, 01:07 AM Agree 0
    OK, I get that a lot of people feel that Home Trust "got what they deserved" because they did not come clean when they should have. A lot of heads have rolled at the company, and there may be more - who knows. One things that strikes me as odd... this entire issue was cased by BROKERS who committed FRAUD. So why is it that none of the regulators across Canada are investigating this? How is it that none of these brokers had their heads roll?

    Wonderful, Gary supports Home Trust. Well - when are the Brand leaders going to actually stand up and take action against the fraud that is happening in their own organizations? The answer - Never. Why? Simple... Money. That 1 billion in volume would have paid the average brand over 500k in base royalties, never mind all the kickbacks, volume bonuses, etc.

    The 40 brokers who committed fraud and nearly collapsed a lender got away with it. That is the standard in this industry, and it is disgusting. Of the estimated 16,000 licensed brokers in Canada only 40 committed fraud? Who believes that? Unlikely.

    They should be brought out publicly and flogged. They, each and every one of them, should be made an example of. Throw them in Jail. Time for the government to come in and clean house and if the big brands don't like it... too bad. You should have been doing your jobs.
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