Skip to content

More reckless Lending by BMO and RBC

There were 2 reports recently that made me kind of laugh…..  You may have seen the recent report about Bank of Montreal bringing formal charges for mortgage fraud against hundreds of people… including bank staff, appraisers, lawyers and mortgage brokers…

Well, last week there was a report about the BC government blasting RBC and BMO for their loose lending practices when it came to granting mortgages…they called them ‘willfully blind’ and ‘reckless’.

This week, we see a report about RBC receiving an award for Creditor of the Year award from the Credit Counselling Canada.  They won the award for ‘thinking outside the box’…  Well, they sure did think outside the box in BC…

Steve Garganis View All

As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: