this post was submitted on 01 May 2026
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Shockingly, Brampton, the city that lent its name to a flavour of mortgage fraud is leading the country in mortgage delinquencies.

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[–] panda_abyss@lemmy.ca 6 points 2 hours ago (1 children)

Is it Brampton?

… yep… it’s Brampton.

I hope the banks get fucked on this for enabling this racket. It would have been fucking trivial for turn to catch the fraudsters in their midst, but when there’s profits you look the other way.

[–] dermanus@lemmy.ca -1 points 1 hour ago (1 children)

Oh don't worry they'll get bailed out. We have a central banker as PM.

[–] SaveTheTuaHawk@lemmy.ca 3 points 1 hour ago* (last edited 56 minutes ago) (1 children)

Banks never lent money in Brampton. They aren't stupid.

This is all private lenders.

No income, no credit required, just 20% down. The business plan is based on failure. Dozens of these leeches all over Ontario.

https://www.effortlessmortgage.ca/private-mortgage.php

[–] CapuccinoCoretto@lemmy.world 1 points 28 minutes ago

Echos of Countrywide and 2008 .... 8..... 8