dang @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Ron Butler 2 main types of cmhc insurance. Transactional and portfolio.
Transactional is insurance due to mainly LTV, but also other less relevant situations. Income doc fraud just as present as on conventional deal.
Portfolio insurance is part of the securitization process 1/
Stephen Punwasi 🏚️📉🐈☃️ Raymond Wong Brad Vis Raymond Wong I’d suggest posting this on reddit in the local city subs as well as r/personalfinancecanada r/canada and r/canadahousing lots of housing talk there.
Ron Butler @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Enhanced Due Diligence on every purchase agreement from that brokerage
RBC forecasts national home price benchmark dropping up to 10 percent due to rising interest rates straight.com/news/rbc-forec… Dennis Ragauskas Kishone Roy ✍🏾 Raymond Wong YVRHousing* @takurua2 Hutchyman #Bitcoin and #Vanre CFA Level XI Julia Longpre Marla Gilsig Tom Choy 🍁 RBC ॐ #vanre
David Larock Ron Butler @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Then why not audit all mortgages approved in last 3 years with CRA. Things will become clear.
@creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Nope, these fraud mortgage agents ensure that the buyers have at least 20% downpayment to by pass the CMHC review. So they are not covered by CMHC at all Ron Butler
Day 2 of the General Meeting is well underway! #EndRuralHomelessness #Housing #CanadaHousing #RuralCanada #Homes4All
Ron Butler @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Ron, not sure if you are in Vancouver for the MPC conference or not but if you are, the timing of this MarketPlace expose couldn’t have come at a better time….a bunch of lenders in the same place all looking at each other to see who blinks first…I hope there is change, finally.
Ron Butler @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Type homelife miracle into Google and homelife miracle fraud is the second thing that pops up lol
a quick check in with Canada’s housing vibe
CC Nick Karadza Tom Karadza ⚡️ Daniel Foch
reddit.com/r/canadahousin…
dang @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Ron Butler 2/ where conventional mortgages are pooled, insured, and broken off into mortgage backed securities.
Income doc fraud doesn't discriminate based on LTV ✌️
DXP Ron Butler David Larock @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Well it’s over now. Rates going up. Privates are starting to slow down. Contagion is inevitable.
Canada will need a magic trick to avoid a crash now… unavoidable
Ron Butler @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas We make miracles happen !
Ron Butler Vince Gaetano @creditmartyr CBC Marketplace CBC Toronto @fraud Dennis Ragauskas Definitely not showing my face around there this weekend lol