RE:RE:RE:RE:RE:Sale of home capital
the fraudulent brokers were exposed in 2014/2015. That is the whole point. The issue of defaulting is non existent because they have been flushed from the system and they got rid of the ties to the brokers in question. Their default rate is on par with the big banks. So the mortgage book is sound. You aren't reading the press releases or the financial statements. We do know their is a asset/liability mismatch- which is why they secured the HOOP loan, suspended the dividend and are engaging in a sale of their mortgages and are tightening their qualifications to get new mortgages. the only issue in question is to the timing of the disclosure of what it was deemed material- it will be for the hearing to decide.