Home Capital has received an enforcement notice from the Ontario Securities Commission relating to falsified mortgage applications.
The incidents occurred during 2014 and 2015 and were disclosed by the lender which then took steps including the suspension of some brokers and brokerages.
The enforcement notice includes the preliminary conclusion of OSC staff which is that Home Capital failed to meet its continuous disclosure obligations during that period.
Home Capital said in a statement that it “believes that its disclosure satisfied applicable disclosure requirements.” It can now respond to the notice before the OSC decides whether to commence proceedings.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- 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!
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