MONTREAL - Laurentian Bank expects to complete its review of problematic loans sold to an unnamed lender by the fiscal second quarter, and will fix or repurchase any remaining mortgages that failed to meet the proper criteria. The Montreal-based lender ? which said late last year it discovered mortgages that did not meet documentation and eligibility requirements ? is implementing enhanced processes to avoid similar problems going forward, its chief ...
03-01-2018, 03:41 AM
Laurentian Bank reviewing problem mortgages
MONTREAL - Laurentian Bank expects to complete its review of problematic loans sold to an unnamed lender by the fiscal second quarter, and will fix or repurchase any remaining mortgages that failed to meet the proper criteria. The Montreal-based lender ? which said late last year it discovered mortgages that did not meet documentation and eligibility requirements ? is implementing enhanced processes to avoid similar problems going forward, its chief ...
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