No sanctions for most home capital brokers accused of mortgage fraud
02 Jun 2017

An Ontario regulator says it will not be disciplining 43 of the 45 mortgage brokers and agents that mortgage lender Home Capital cut ties with over allegations they falsified loan applications.

The Financial Services Commission of Ontario said last week it had disciplined a mortgage broker and an agent after finding them to be non-compliant with the province’s Brokerages, Lenders and Administrators Act.

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