Dec
05

Laurentian Discloses Flawed Mortgages in Home Capital Echo

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  • Canadian lender’s shares fall after reporting audit results
  • Montreal bank says it’ll buy back $142 million of mortgages

Laurentian Bank of Canada fell the most in almost nine years after reporting it found customer misrepresentations on some mortgage loans it sold to another firm, echoing problems that almost sunk alternative-lender Home Capital Group Inc. earlier this year…

Laurentian Discloses Flawed Mortgages in Home Capital Echo

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