HOME CAPITAL CRASHES 65%! Canada's Mortgage Crisis
2,082 views · Published 27 April 2017 · 5:03 · Indexed 6 November 2026
Channel: Mike Martins · 2017 · People & Blogs
"once the foundation starts getting cracks everything starts to sink" — Mike Martins HOME CAPITAL CRASHES 65%! Canada's Mortgage Crisis Home Capital Group shares plunge approximately 65% as the Canadian alternative mortgage lender seeks a massive $2 billion credit line following significant withdrawals from its subsidiary, Home Trust. What is happening behind the scenes in Canada's mortgage industry? Home Trust has reportedly experienced nearly $600 million in deposit withdrawals in recent weeks. Meanwhile, the Ontario Securities Commission has accused Home Capital of misleading investors through its disclosures following the discovery of falsified income information in certain mortgage applications. In this video, I examine the growing dangers surrounding Canada's housing market, questionable mortgage underwriting, falsified income documents, and borrowers taking on debt they may not realistically afford. — Mike Martins | Mike Martins Channel | April 26, 2017 #capital #mortgagecrisis #housingbubble #canadianrealestate #mortgagefraud #2017 #trust #householddebt #mikemartins #canadianeconomy
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