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Thanks for that link. Pretty well sums up one of many reasons I am not fond of wraps from a consumer point of view (great scam from the entrepeneur wrapper's pov though). I'd be curious to see the outcome of those wrapees if there was court action. If the banks have been Kosher I believe the...

I agree with all of this but at the end of the day the bank will still have registered mortgage (first one usually) so they are in a comfy position. I'm saying it is a good opportunity for the bank to unilaterally review the loan to see what more blood can be squeezed. Someone did throw the...

Bank would be silly to let an opportunity to refinance or up the security slide? You got a wrappee in possession- you need insurance thru our brokerage arm, refinance (more application fees) ,more security as an investment loan etc. Don't want to? Thats cool pay us out but watch the...