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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, November 6, 2015

Home Capital says loan investigation to continue through 2016

(Bloomberg) -- Home Capital Group Inc., Canada’s largest alternative-mortgage provider, said an investigation into loans with faulty income information is set to continue through most of next year.

The Toronto-based firm, which cut ties with 45 brokers earlier this year after finding falsified borrower income information, said it’s about a quarter of the way through its review of those loans and will be finished by late 2016, it said in an earnings report Wednesday.

Of the mortgages reviewed, more than 90 percent could be eligible for renewal, Home Capital said. The total value of outstanding mortgages from those brokers fell to C$1.72 billion ($1.31 billion) as of Sept. 30 from C$1.93 billion at the end of June. In July, Home Capital said that the brokers originated C$960.4 million of single-family mortgages in 2014.

The company also named William J. Walker to its board of directors. Walker is a partner at Gowling Lafleur Henderson LLP and has more than 30 years of experience in banking law and dealing with regulators, Home Capital said.

MBN

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