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London Mortgage Brokerage Faces $110,000 Fine on Down Payment Scheme

#canadianrealestate #londonontariorealestate #MortgageFraud A London Mortgage Brokerage is facing a $110,000 fine from Ontario’a Financial Regulator, FSRA, which is alleging that “false or deceptive information” was provided in the Brokerage’s dealing with mortgages. Links: London mortgage brokerage, principal broker face fines of $110K: Regulator: https://lfpress.com/news/london-mortg... FSRA issues notice of proposal against Forest City Funding Inc. and William Handsaeme: https://www.fsrao.ca/newsroom/fsra-is... Nearly half of Canadians think mortgage fraud is common, some are willing to do it: survey: https://www.ctvnews.ca/business/nearl... FSRA issues notice of proposal against Forest City Funding Inc. and William Handsaeme: https://ca.finance.yahoo.com/news/fsr... Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud: https://www.canadianmortgagetrends.co... Mortgage fraud: https://www.cmhc-schl.gc.ca/consumers... Proposed Guidance: Detecting and Preventing Mortgage Fraud: https://www.fsrao.ca/industry/mortgag... Canada's home prices to rise again on stretched demand-supply gap: Reuters poll: https://www.reuters.com/world/america... FSRA News: https://www.fsrao.ca/newsroom?field_a... Liberal plan to build 3.87 million homes by 2031 includes new pledge to stem real estate fraud: https://www.theglobeandmail.com/busin... Mortgage, identity fraud rise in Canada as economic pressures mount: Equifax: https://financialpost.com/personal-fi... If you're tapping the parental ATM for a down payment, here's how to do it right: https://financialpost.com/real-estate... Mortgage fraud caught on camera: Undercover investigation (Marketplace):    • Mortgage fraud caught on camera: Unde...     Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel:    / markmitchellmortgagebrokerlondonontario   Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram -   / mortgagebrokerlondonontario   Facebook -   / londonontariomortgages   Twitter -   / londonmortgage1   LinkedIn -   / mark-mitchell-london-s-mortgage-broker-197...   TikTok - https://www.tiktok.com/@mortgagebroke... Commentary on this Channel should not be considered financial advice.