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Mortgage Broker News | 23 Sep 2014, 10:54 AM Agree 0
Brokers advised an investor client – who closed two deals in one day -- to not disclose the second planned property purchase to the lender as a work-around for one lending rule.
  • Angela Wong-Liao - Invis Inc | 23 Sep 2014, 02:45 PM Agree 0
    I agree with Drew Donaldson, there may be compliance issues in not disclosing anything to the lender when closing two properties in one day.
  • alphonse negro | 24 Sep 2014, 12:06 PM Agree 0
    There are definitely compliance and ethic issues to be seriously addressed. Drew Donaldson is absolutely right there was a mtg solution for more than 5 doors. Given the rifght advice and with time the deal could have been structure tio fit the banks criteria without compromising the client nor the integrity of the broker indistry....
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