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Unregistered mortgage broker in hot water over $500 million in questionable home loans – The Registrar of Mortgage Brokers has issued a cease-and-desist order against an. registered financial institutions” to verify income, because it’s “a key factor in assessing the capacity to repay.
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According to Mr Baddeley-Chappell, the mortgage market was lacking in transparency and lenders and brokers sometimes took.
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The Registrar of Mortgage Brokers has issued a cease-and-desist. because it’s “a key factor in assessing the capacity to.