RE:RE:List of Potential Buyers for Home Capital Group Announced6 months? Where does a comment like that even come from? An audit would be preformed on the general strength of the mortgages whether there was allegations or not. It wont take 6 months.... and if there WAS a buyout offer people would stop withdrawing money.
Everyone keeps throwing the word fraud out there thinking it means gross misconduct and not something that happens all the time. Do you know how small the infraction can be and still be fraud? Every banks book is riddled with mortgages that could be classified as fraudulent.
And no I dont think the housing market will crash.... and if it does it will be because Canadains created the event themselves from fear and panic. Our market is nothing like USA 2008.....