Mortgage News

Mortgage CEO ARRESTED for MURDER

February 6, 2025

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Murder in the Mortgage Industry?

The mortgage world was rocked when Serene Vernon, president of national wholesaler OCMBC, was arrested for murder and DUI. OCMBC, operating under Loan Stream Mortgage and other names, recently acquired Homestar Financial, making this scandal even more shocking. If you have deals with them, you might want to check in.

Meanwhile, Trump’s tariffs are on hold for a month, delaying a 25% price hike on Canadian building materials. But will other countries cave to his demands? History suggests they will.

And in the AI race, Google just dropped Gemini 2.0, its most powerful model yet, escalating competition with OpenAI, Microsoft, and others. As AI advances, will it replace real estate and mortgage pros? Probably not—but it’s definitely reshaping the industry.