Rumour has it that the mortgage business is about to get a little hotter, thanks to the addition of a Dragon. According to a tweet sent on Sunday from CBC’s Dragons’ Den star and investment superstar Kevin O’Leary, the Lang & O’Leary Exchange is getting into the mortgage industry via O’Leary Mortgages .
O’Leary also released a cryptic YouTube video the same day announcing the new venture. The video is setting the mortgage industry on fire as industry experts try to predict what O’Leary plans to do. Currently it’s still unclear what O’Leary Mortgages will offer – will it be a brokerage or a lender? Will it be based in the U.S. or Canada?
If O’Leary were to enter the market place as a lender it could be a huge boost for the market. His name alone could attract significant financial backing in the lender arena.
O’Leary is scheduled to speak at the CAAMP hosted 2012 Vancouver Mortgage Forum at the end of the month.
Coincidence? Unlikely.
Stay tuned to the Mortgage Talk Canada Blog for more information on this development as it unfolds.
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