Liar Loans Pop up in Canada's Magnificent Housing Bubble

``Home Capital revealed... the results of an investigation that had been going on secretly since September: "falsification of income information." Liar loans... it suspended "during the period of September 2014 to March 2015, its relationship with 18 independent mortgage brokers and 2 brokerages, for a total of approximately 45 individual mortgage brokers," who'd together originated nearly C$1 billion in single-family residential mortgages in 2014. That's 5.3% of the company's total outstanding loan assets, and 12.5% of its total single-family mortgage originations in 2014.''