----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. |
|---|------------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| DELAWARE                                                      | 05-0554486                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

| Large accelerated filer | o | Accelerated filer         | o |
|-------------------------|---|---------------------------|---|
| Non-accelerated filer   | o | Smaller reporting company | x |

| Class                          |      | Outstanding at November 18, 2010 |
|--------------------------------|--------------------------|----------------------------------|
| Common Stock, $.0001 par value |                     | 42,939,099                       |

----

| Item 1.  | Financial Statements                                              |
|----------|-------------------------------------------------------------------|
| Item 2.  | Management’s Discussion and Analysis of Financial Condition |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk        |
| Item 4T. | Control and Procedures                                            |

| Item 1  | Legal Proceedings                                           |
|---------|-------------------------------------------------------------|
| Item 1A | Risk Factors                                                |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
| Item 3. | Defaults Upon Senior Securities                             |
| Item 4. | (Removed and Reserved)                                      |
| Item 5. | Other Information                                           |
| Item 6. | Exhibits                                                    |

----

----

|   | 1. | MortgageBrokers.com Inc. - an Ontario Canada provincially incorporated company that currently holds our licensure for operating as a mortgage broker in the Province of Ontario; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | MortgageBrokers.com Financial Group of Companies Inc. - a Canadian federally incorporated company, which currently holds our licensure for operating as a mortgage broker in the Provinces of Newfoundland, Nova Scotia, New Brunswick, Prince Edward Island, Saskatchewan and Alberta; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | MBKR Holdings Inc., - a Canadian federally incorporated company, incorporated on November 24, 2008 for the intended centralization of back office services in Canada; and, |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | MBKR Franchising Inc., - a Canadian federally incorporated company, incorporated on January 30, 2009 through which the Company is a mortgage brokerage franchisor selling the MortgageBrokers.com business system in Canada. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | a general increase of approximately 5.6% in foreign exchange over the period in 2010 from our comparative in 2009 that we were exposed to as all of our operations are currently in Canada; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | the loss of a large mortgage origination agent team, at the time representing approximately 29% of our national book of business, early in our first quarter of 2010; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | the organic growth of our book of business and increases due to ongoing recruitment efforts. |
|--------------------|----------------------------------------------------------------------------------------------|

----

| ·   | Management cancelled the employee stock-based compensation program in the fourth quarter 2009 and there were no employee stock-based compensation expenses accrued for in the third quarter of 2010, as compared to a $147,308 charge accrued in 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On October 27, 2006, Trisan Equitable Corporation (“Trisan”) commenced an action in the Ontario Superior Court in Ontario, Canada against several parties including the `Company, its subsidiary MortgageBrokers.com Inc., and Alex Haditaghi, our principal shareholder, sole director and chief executive officer.  On October 3, 2007, a partial summary judgment from the Ontario Superior Court was awarded to Trisan regarding the matter in an aggregate amount of CDN$748,671 plus 500,000 shares of our common stock.  The October 3, 2007 partial summary judgment was appealed by us but the judgment was upheld on appeal by the Ontario Court of Appeal on March 31, 2008.  Our balance sheet as at June 30, 2009, reflected an accrual of $644,018 (CDN$748,671) plus interest of $99,818 (CDN$116,039) related to the Trisan legal judgment.  On July 8, 2009, a full and final settlement agreement was executed between Trisan and the defendants including MortgageBrokers.com Holdings, Inc. and its subsidiary, MortgageBrokers.com Inc., regarding the prior summary judgment awarded to Trisan and all outstanding and related matters.  The settlement agreement did not provide for the payment of any monies, the creation of any obligations or any encumbrances in favor of Trisan, by or upon Mortgagebrokers.com Holdings Inc. or its subsidiary MortgageBrokers.com Inc. other than the release of 500,000 shares of Mortgagebrokers.com Holdings Inc. common stock which were issued in 2006 to Trisan related parties in escrow.  As a result, the Company reported a negative charge, in the amount of $739,258 during the comparable reporting period in 2009, to reverse the accrued legal judgement expenses.  Removing the recovery of accrued legal judgement expenses, an item that skews the Company’s expense analysis for comparison analysis, the Company’s reported operating expenses during the period decreased by approximately 25% as compared to that of 2009. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 86% of the operating expenses in the reporting period were associated with agent commissions.  Reported agent commission fees in the reporting period, as a percent of revenue, were flat for 2010 as compared to that of 2009.  Actual commission fee expenses decreased 27% from the same period in 2009 to 2010, associated in part to the net effect of an approximately 5.6% increase in foreign exchange between periods and the loss of a sizeable mortgage agent team in the first quarter of 2010.  This is congruent with observed top-line revenue trends (as in general, the company is a 90/10 commission split organization and total revenue decreased by 27%). |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 7.6% of the operating expenses in the reporting period were associated with salaries and benefits.  Reported salaries and benefits decreased by 17% for 2010 as compared to that of 2009 associated with strategic staffing reductions. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 4% of our operating expenses in the reporting period were associated with general and administrative expenses.  General and administrative expenses increased 9% to $161,054 in 2010 as compared to that of 2009.  This increase was primarily associated with errors and omission insurance expense and agent recovery timing differences between 2009 and 2010. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | a general increase of approximately 13% in foreign exchange over the period in 2010 from our comparative in 2009 that we were was exposed to as all of our operations are currently in Canada; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | the loss of a large mortgage origination agent team, at the time representing approximately 29% of our national book of business, early in our first quarter of 2010; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | the organic growth of our book of business and increases due to ongoing recruitment efforts. |
|--------------------|----------------------------------------------------------------------------------------------|

----

| ·   | 83% of the operating expenses in our first nine months of 2010 were associated with agent commissions.  Reported agent commission fees as a percent of revenue was relatively flat from the first nine of 2009 as compared to that of 2010.  In consideration of the increase in the foreign exchange rate between the periods of approximately 13% (all of our operations are in Canada while we report in USD), actual commission fee expenses in Canadian dollars decreased 17% from the same period in 2009 as compared to in our first nine months of 2010, associated, in part, with the loss of a mortgage agent team early in the first quarter of 2010.  This is congruent with observed top-line revenue trends (as in general, the company is a 90/10 commission split organization and total revenue decreased by 17% in Canadian dollars). |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 9% of the operating expenses in the first nine months of 2010 were associated with salaries and benefits.  Reported salaries and benefits decreased by 14% for 2010 as compared to that of 2009 associated with strategic staffing reductions. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 8% of our operating expenses in the first nine months of 2010 were associated with general and administrative expenses.  General and administrative expenses increased 73% from the first nine months of 2009 to $868,922 in 2010.  This increase was associated primarily with our incurring additional legal expenses during the first nine months of 2010, errors and omission insurance expense and agent recovery timing differences between 2009 and 2010 and an increase in business development and marketing costs in 2010 over 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Over the first nine months of 2010, there were nominal foreign exchange differences in the price of the Canadian dollar (that we were exposed to as all of our operations are currently in Canada) as compared to the US dollar ( what we report in on a consolidated basis).  From December 31, 2009 (0.9515) to September 30, 2010 (0.9718), the value of the Canadian dollar increased by 2.1% relative to the US dollar with an average over the period of 0.9653 relative to the US dollar. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Cash decreased by 39% or $782,897 over the first nine months of 2010 primarily associated with the following: |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| o   | we lost $746,900 in cash from operating activities over the first nine months of 2010 as the first quarter of the year is seasonally the slowest, there was a general decrease in revenue associated with a loss of an origination team early in the first quarter and we incurred additional legal fees associated with the departure of this origination team; |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | we lost $79,435 in cash from financing activities over the first nine months of 2010 as we paid down a shareholder loan ($25,134) and a bank loan ($54,301); and, |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | we had an increase in foreign exchange balances of $43,854 over the period. |
|---------------|-----------------------------------------------------------------------------|

| ·   | Accounts payable decreased by 26% over the reporting period.  The bulk of this payable amount is work in progress payable following completion of mortgage agent origination compliance procedures.  Work in progress payable is lower over the reporting period matching a decrease in mortgage originations associated with the loss of one of our larger mortgage agent teams early in the first quarter of 2010 as previously reported.  Work in progress mortgage agent commissions payable are typically outstanding for 10 business days. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | We are is in arrears on the tax withholdings due to Canada Revenue Agency (“CRA”) related to employee salaries.  As at the end of the reporting period, the company had a tax liability with CRA of $236,481.  CRA has registered a Certificate in the Canadian Federal Court and the Property Register of Ontario for the amount owing to CRA against one of our Canadian subsidiaries.  Currently the company has an arrangement with CRA whereby we make payments on this outstanding amount decreasing both principle and interest monthly.  The liability currently bears interest at 9% annually. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Bank indebtedness decreased by 81% as we continue to pay down our loan facility with a lender.  At September 30, 2010, there was a reported outstanding balance of $12,148. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | • | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and the receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the Company; and |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | • | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisitions, use or disposition of the company's assets that could have a material effect on the financial statements. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| MORTGAGEBROKERS.COM HOLDINGS, INC. |
|------------------------------------|

| By:    /s/ Alex Haditaghi                             |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            Alex Haditaghi                                                                                                                                           |
|            Principal Executive Officer,                                                                                                                             |
|            Principal Accounting Officer,                                                                                                                            |
|            President, Secretary and Director                                                                                                                        |

| NAME                     |   |         TITLE                             | DATE              |
|--------------------------|--------|-----------------------------------------------------------------------------------|-------------------|
|                     |   |                                                                              |              |
|  /s/ Alex Haditaghi |   |         President, Secretary and Director | November 18, 2010 |
| Alex Haditaghi           |   |                                                                              |              |

----

|       MORTGAGEBROKERS.COM HOLDINGS, INC. AND SUBSIDIARIES  CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS  SEPTEMBER 30, 2010 AND 2009  UNAUDITED      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Condensed Consolidated Interim Balance Sheet                                            | F2     |
|-----------------------------------------------------------------------------------------|--------|
|                                                                                    |   |
| Condensed Consolidated Interim Statements of Operations and Comprehensive (Loss) Income | F3     |
|                                                                                    |   |
| Condensed Consolidated Interim Statements of Cash Flows                                 | F4     |
|                                                                                    |   |
| Notes to Condensed Consolidated Interim Financial Statements                            | F5-16  |

----

|                                                                                                                                             | September 30, 2010 (Unaudited) |   | December 31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------|-------------------|--------|
| ASSETS                                                                                                                                           |                           |
| Current Assets                                                                                                                                   |                           |   |              |   |
| Cash                                                                                                                                             |                           | $      | 1,230,067         |   |   | $ | 2,012,964 |   |
| Referral fees held in trust – restricted(note 3)                                                                                           |                           |   | -                 |   |   |   | 2,767 |   |
| Prepaid expenses                                                                                                                                 |                           |   | 37,913            |   |   |   | 19,236 |   |
| Total Current Assets                                                                                                                             |                           |   | 1,267,980         |   |   |   | 2,034,967 |   |
| Equipment, net (note 4)                                                                                                                          |                           |   | 84,776            |   |   |   | 106,935 |   |
| Equipment Under Capital Leases (note 5)                                                                                                          |                           |   | 1,565             |   |   |   | 1,968 |   |
| Total Assets                                                                                                                                     |                           | $      | 1,354,321         |   |   | $ | 2,143,870 |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                            |                           |
| Current Liabilities                                                                                                                              |                           |   |              |   |   |   |   |   |
| Bank indebtedness – current portion (note 6)                                                                                               |                           | $      | 12,148            |   |   | $ | 65,104 |   |
| Accounts payable and accrued liabilities                                                                                                         |                           |   | 1,469,362         |   |   |   | 1,987,786 |   |
| Advances from related party – current portion (note 7)                                                                                     |                           |   | 338,027           |   |   |   | 359,138 |   |
| Trust liability  (note 3)                                                                                                              |                           |   | -                 |   |   |   | 2,767 |   |
|                 Employee tax deductions payable (note 8)         |                           |   | 236,481           |   |   |   | 219,759 |   |
| Stock-based compensation accrual - current portion (note 9a)                                                                                     |                           |   | 14,790            |   |   |   | 19,720 |   |
| Employee stock-based compensation accrual (note 9b)                                                                                              |                           |   | 1,650             |   |   |   | 1,650 |   |
| Total Current Liabilities                                                                                                                        |                           |   | 2,072,458         |   |   |   | 2,655,924 |   |
|                                                                                                                                             |                           |   |              |   |   |   |   |   |
|                                                                                                                                             |                           |   |              |   |   |   |   |   |
| Stock-based Compensation Accrual (note 9c)                                                                                                  |                           |   | 57,597            |   |   |   | 76,829 |   |
|                                                                                                                                             |                           |   |              |   |   |   |   |   |
| Total Liabilities                                                                                                                                |                           |   | 2,130,055         |   |   |   | 2,732,753 |   |
| Commitments and Contingencies (notes 1 and 14)                                                                                                   |                           |   |              |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                                                                            |                           |
| Capital Stock                                                                                                                                    |                           |   |              |   |   |   |   |   |
| Preferred stock, $0.0001 par value; 5,000,000 shares  authorized, none issued                                                               |                           |   | -                 |   |   |   | - |   |
| Capital stock, $0.0001 par value; 100,000,000 shares  authorized; 42,939,099 (2009: 42,976,548) issued and  outstanding (note 10) |                           |   | 4,298             |   |   |   | 4,298 |   |
| Additional Paid-in Capital                                                                                                                       |                           |   | 6,018,171         |   |   |   | 5,858,352 |   |
| Additional Paid-in Capital - Warrants (note 11)                                                                                                  |                           |   | 175,363           |   |   |   | 335,183 |   |
| Subscription (Cancellation) of Stock                                                                                                             |                           |   | (220              | )      |   |   | (220 | ) |
| Treasury Stock (note 12)                                                                                                                    |                           |   | (27,285           | )      |   |   | (25,234 | ) |
| Accumulated Other Comprehensive Income                                                                                                           |                           |   | 133,639           |   |   |   | 142,605 |   |
| Accumulated Deficit                                                                                                                              |                           |   | (7,079,700)       |   |   |   | (6,903,867 | ) |
| Total Stockholders' Deficit                                                                                                                      |                           |   | (775,734          | )      |   |   | (588,883 | ) |
| Total Liabilities and Stockholders' Deficit                                                                                                      |                           | $      | 1,354,321         |   |   | $ | 2,143,870 |   |
|                                                                                                                                             |                           |   |              |   |   |   |   |   |

----

|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |
|----------------------------------------------------------------------------------------|--------|---------------------------|------------|--------|----------------------|--------|------------|----------------------|--------|--------|----------------------|--------|
|                                                                                   |   | Nine MonthsEnded2010 |       |   | Nine MonthsEnded2009 |   |       | ThreeMonthsEnded2010 |   |   | ThreeMonthsEnded2009 |   |
|                                                                                   |   |                      |       |   | (Restated-Note 18)   |   |       |                 |   |   | (Restated-Note 18)   |   |
| Revenues                                                                               |   | $                         | 11,291,909 |   |                 | $      | 12,022,101 |                 |   |   | 3,692,919            |   |   | $ | 5,024,799 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Expenses                                                                               |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
|      Commission and agent fees                                |   |                      | 9,494,108  |   |                 |   | 10,157,206 |                 |   |   | 3,211,119            |   |   |   | 4,422,329 |   |
|      Salaries and benefits                                    |   |                      | 988,778    |   |                 |   | 1,155,308  |                 |   |   | 282,775              |   |   |   | 342,511 |   |
|      General and administrative expenses                      |   |                      | 868,922    |   |                 |   | 500,902    |                 |   |   | 161,054              |   |   |   | 147,425 |   |
|      Recovery of Legal Judgement                              |   |                      |       | -      |                 |   | (739,258)  |                 |   |   | -                    |   |   |   | (739,258) |   |
|      Employee stock based compensation(note 14c i)            |   |                      | -          |   |                 |   | 410,187    |                 |   |   | -                    |   |   |   | 147,308 |   |
|      Stock based compensation (note 14c ii)                   |   |                      | (4,930)    |   |                 |   | (28,280)   |                 |   |   | 4,930                |   |   |   | 22,569 |   |
|      Stock based compensation (note 14a, 14b, and 14c i) |   |                      | (19,232)   |   |                 |   | (11,983)   |                 |   |   | 15,015               |   |   |   | (2,516) |   |
|      Occupancy costs                                          |   |                      | 114,431    |   |                 |   | 103,278    |                 |   |   | 37,862               |   |   |   | 33,158 |   |
|      Depreciation expense                                     |   |                      | 25,665     |   |                 |   | 20,323     |                 |   |   | 8,532                |   |   |   | 7,171 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Total Operating Expenses                                                               |   |                      | 11,467,742 |   |                 |   | 11,567,683 |                 |   |   | 3,721,287            |   |   |   | 4,380,697 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| (Loss) Income from Operations                                                          |   |                      | (175,833)  |   |                 |   | 454,418    |                 |   |   | (28,368)             |   |   |   |      644,102 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Other Expenses                                                                         |   |                      | -          |   |                 |   | 3,446      |                 |   |   | -                    |   |   |   | 926 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Net (Loss) Income                                                                      |   |                      | (175,833)  |   |                 |   | 450,972    |                 |   |   | (28,368)             |   |   |   | 643,176 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Foreign Currency Translation Adjustment                                                |   |                      | 8,966      |   |                 |   | (37,065)   |                 |   |   | 17,143               |   |   |   | 4,886 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Comprehensive (Loss) Income                                                            |   | $                         | (166,867)  |   |                 |   | 413,907    |                 |   |   | (11,225)             |   |   | $ | 648,062 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Net (Loss) Income  per share - Basic and Diluted during the period           |   | $                         | (0.00)     |   |                 |   | 0.01       |                 |   |   | (0.00)               |   |   | $ | 0.01 |   |
|                                                                                   |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Weighted Average Number of Shares (note 15)                                            |   |                      |       |   |                 |   |       |                 |   |   |                 |   |   |   |   |   |
| Outstanding During the Periods -Basic                                                  |   |                      | 42,939,099 |   |                 |   | 42,976,548 |                 |   |   | 42,939,099           |   |   |   | 42,976,548 |   |
| Diluted                                                                                |   |                      | 42,939,099 |   |                 |   | 48,934,101 |                 |   |   | 42,939,099           |   |   |   | 48,934,101 |   |

----

|                                                                                                                                |   | 2010   |      |   | 2009               |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------------------|--------|
| Cash Flows from Operating Activities                                                                                                |   |   |      |   | (Restated-Note 18) |   |
|       Net (Loss) Income                                                                               |   | $      | (175,833) |   |               | $      | 450,972 |   |
|       Adjustments to reconcile Net (Loss) Income  to net cash used in operating activities: |   |   |      |   |               |   |   |   |
|             Depreciation                                                |   |   | 25,665    |   |               |   | 20,323 |   |
|             Employee stock-based compensation                           |   |   | (4,930)   |   |               |   | 410,187 |   |
|             Stock-based compensation accrual                            |   |   | (19,232)  |   |               |   | (40,263) |   |
|             Recovery of legal Judgement                                 |   |   | -         |   |               |   | (739,258) |   |
|       (Increase) decrease in net assets:                                                              |   |   |      |   |               |   |   |   |
|             Referral fees held in trust                                 |   |   | 2,821     |   |               |   | 12,111 |   |
|             Prepaid expense                                             |   |   | (14,963)  |   |               |   | 65,473 |   |
|             Accounts payable and Accrued Liabilities                    |   |   | (557,607) |   |               |   | (150,985) |   |
|             Trust liability                                             |   |   | (2,821)   |   |               |   | (12,111) |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Net Cash Provided by (Used in) Operating Activities                                                                                 |   |   | (746,900  | )      |               |   | 16,449 |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Cash Flows from Investing Activities                                                                                                |   |   |      |   |               |   |   |   |
|             Purchase of equipment                                       |   |   | (416)     |   |               |   | (4,929 | ) |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Net Cash Used in Investing Activities                                                                                               |   |   | (416)     |   |               |   | (4,929 | ) |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Cash Flows from Financing Activities                                                                                                |   |   |      |   |               |   |   |   |
|             Repayments of obligation under capital leases               |   |   | -         |   |               |   | (1,700 | ) |
|             Repayment of advances from related party                    |   |   | (25,134)  |   |               |   | (96,590 | ) |
|             (Decrease)  in bank indebtedness                  |   |   | (54,301)  |   |               |   | (48,089 | ) |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Net Cash(Used in) Provided by Financing Activities                                                                                  |   |   | (79,435)  |   |               |   | (146,379 | ) |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Net(Decrease)  in Cash                                                                                                    |   |   | (826,751) |   |               |   | (134,859) |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Foreign Exchange on Balances                                                                                                        |   |   | 43,854    |   |               |   | 168,586 |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Cash - Beginning of Period                                                                                                          |   |   | 2,012,964 |   |               |   | 1,262,321 |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Cash - End of Period                                                                                                                |   | $      | 1,230,067 |   |               | $      | 1,296,048 |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Supplemental Cash Flow Information                                                                                                  |   |   |      |   |               |   |   |   |
| Interest paid                                                                                                                       |   | $      | 6,534     |   |               | $      | 15,085 |   |
|                                                                                                                                |   |   |      |   |               |   |   |   |
| Income taxes paid                                                                                                                   |   | $      | -         |   |               | $      | - |   |

----

----

----

|                    |   |   |         |   | Net Book Value |   | Net Book Value |   |
|-------------------------|--------|--------|--------------|--------|----------------|--------|----------------|--------|
|                    |   |   | Accumulated  |   | September 30,  |   | December 31,   |   |
|                    | Cost   |   | Depreciation |   | 2010           |   | 2009           |   |
|                    |   |   |         |   |           |   |           |   |
| Furniture and equipment |   | $      | 179,941      |   |           | $      | 113,831        |   |   | $ | 66,110 |   |   | $ | 83,121 |   |
| Computer equipment      |   |   | 34,978       |   |           |   | 23,313         |   |   |   | 11,665 |   |   |   | 14,202 |   |
| Leasehold improvements  |   |   | 20,046       |   |           |   | 13,045         |   |   |   | 7,001 |   |   |   | 9,612 |   |
|                    |   |   |         |   |           |   |           |   |   |   |   |   |   |   |   |   |
|                    |   | $      | 234,965      |   |           | $      | 150,189        |   |   | $ | 84,776 |   |   | $ | 106,935 |   |
|                    |   |   |         |   |           |   |           |   |   |   |   |   |   |   |   |   |

|                           |   | 2010   |   |   | 2009   |   |
|--------------------------------|--------|--------|--------|--------|--------|--------|
| Computer equipment             |   | $      | 6,925  |   |   | $      | 6,748 |   |
| less: accumulated depreciation |   |   | (5,360 | )      |   |   | (4,780 | ) |
|                           |   | $      | 1,565  |   |   | $      | 1,968 |   |
|                           |   |   |   |   |   |   |   |   |

----

| a.   | As of September  30, 2010, the Company has accrued, as stock-based compensation payable, 493,000 (As of December 31, 2009 – 493,000) common shares at a price of $0.03(As of December 31, 2009 $0.04) per share for a total of $14,790 (As of December 31, 2009 $19,720) payable to the parties referred to in note 14c( ii). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | As of September 30, 2010, the Company has accrued employee stock-based compensation of 15,000 (As of December 31, 2009 -15,000) common shares for a total of $1,650 (2009 - $1,650) under its Equity Compensation Plan referred to in note 10.  In December 2009, employees agreed to return and cancel all previously issued stock  and cancel all 2009 Employee stock based compensation in regards to employee stock based compensation. Employee stock based compensation is valued at the fair market value at the date of grant. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | As of September 30, 2010, the Company has accrued, as stock-based compensation 1,919,897 (December 31, 2009 – 1,970,729) common shares at a price of $0.03 (December 31, 2009 - $0.04) per share for a total of $57,597 (2009 - $76,829) payable to the parties referred to in note 14a, 14b and 14c. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | the purchaser received a warrant (1 warrant = 1 share) to further purchase up to the total number shares of common stock purchased through the private placement exercisable at a rate of 20% each year following the anniversary date of the private placement closure. The warrants are exercisable at a price 30% below the 30 day fair market price preceding the date such warrants are exercised. Warrants expire if not exercised within 30 days of such anniversary date; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                        |   | September 30, |    |   | December 31, |   |
|-------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                                        |   | 2010          |    |   | 2009         |   |
|                                                        |   |          |    |   |         |   |
| Number of Warrants Outstanding at Beginning of Period:      |   |          | 844,988 |   |         |   | 1,267,482 |   |
| Number of Warrants Exercised:                               |   |          | -       |   |         |   | - |   |
| Warrants Expired:                                           |   |          | 422,494 |   |         |   | 422,494 |   |
| Number of Warrants Outstanding  at End of Period: |   |          | 422,494 |   |         |   | 844,988 |   |

| ii.   | further, pursuant to the execution of a service level agreement, on the anniversary date of the private placement closure, the Company has agreed to issue a number of shares of common stock equal to 25% of the number of common shares purchased in the private placement for ten consecutive anniversary dates. The receipt of such shares is dependent on the execution and maintenance in good standing of the terms of a service level agreement for each of the ten years. The service level agreement included the provisions of marketing, servicing and promotional services. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| YEAR     | Date of Issue      |   | Anniversary Stock Issued |    |   | Price  |   |   | Value  |   |
|----------|--------------------|--------|--------------------------|---------|--------|--------|--------|--------|--------|--------|
| 2007     | July 7, 2007       |   |                     | 478,000 |   |   | $      | 0.42   |   |   | $ | 200,760 |   |
| 2008     | September 11, 2008 |   |                     | 490,000 |   |   | $      | 0.11   |   |   | $ | 53,955 |   |
| Subtotal |               |   |                     | 968,000 |   |   |   |   |   |   |   |   |   |

----

----

----

|   | “Average Volume”: | defined as the average best three out of five years in funded mortgage origination volume |
|--------|-------------------------------|-------------------------------------------------------------------------------------------|

|   | Number of Warrants: | $8,257 worth of warrants divided by the Strike Price, per CDN $10 million in Average Volume, adjusted on a pro rata basis, no minimum or maximum thresholds. The warrants are convertible in common shares on a 1:1 basis. |
|--------|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings Period: | Series I warrants are earned in the first 5 years following the Effective Date; |
|--------|------------------|---------------------------------------------------------------------------------|

|   | Additional Vestment:      | all SERIES I warrants are fully vested on the 5th anniversary of the          Effective Date |
|--------|---------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                      |                                                                                                                                           |
|   | Determination Date:  | 5 year anniversary of Effective Date                                                                                                      |   |

|   | “Annual Volume”: | defined as the total mortgage origination volume executed per 12 month period following the Effective Date and subsequent 12 month periods following the anniversary dates of the Effective Date |
|--------|------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Number of Warrants: | $1,651 worth of warrants divided by the Strike Price per CDN $10 million in Annual Volume, adjusted on a pro rata basis, no minimum or maximum thresholds. The warrants are convertible in common shares on a 1:1 basis. |
|--------|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings Period:          | Series II warrants are earned in the first 5 years following the Effective Date |
|--------|---------------------------|---------------------------------------------------------------------------------|
|   |                      |                                                                            |
|   | Additional Vestment:      | All SERIES II Warrants fully vest 3 years following the Determination Date      |
|   | Determination Date:  | 5 year anniversary of Effective Date                                       |

----

|   | Annual Volume: | defined as the total funded mortgage origination volume from Maxwell lead referral executed per 12 month period following the Effective Date and subsequent 12 month periods following the anniversary dates of the Effective Date |
|--------|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Number of Warrants: | $3,000 worth of warrants divided by the Strike Price per CDN $10 million in Annual Volume, adjusted on a pro rata basis, no minimum or maximum thresholds. The warrants are convertible in common shares on a 1:1 basis. |
|--------|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings Period: | Series III warrants are earned in the first 5 years following the Effective Date |
|--------|------------------|----------------------------------------------------------------------------------|

|   | Additional Vestment: | SERIES III warrants are fully vested on the fifth anniversary of the Effective Date |
|--------|----------------------|-------------------------------------------------------------------------------------|

| i)   | Pursuant to a ten year licensing agreement dated January 30, 2006 and amended May 25, 2006, and pursuant to the execution of a one year renewable service level agreement by the RE/MAX Franchisee, the Company is committed to issuing to RE/MAX at no cost, warrants for common stock of the Company based on referrals leading to funded mortgage origination volume. The RE/MAX Warrant-Based Compensation Program issues warrants (“SERIES IV Warrants”) as follows based on current formulae: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         | Annual Volume:       | defined as the total funded mortgage origination volume from RE/MAX lead referral executed per 12 month period following the Effective Date and subsequent 12 month periods following the anniversary dates of the Effective Date  |
|--------------|----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    | Number of Warrants:  | $3,000 worth of warrants divided by the Strike Price per $10 million dollars CDN in Annual Volume, adjusted on a pro rata basis, no minimum or maximum thresholds. The warrants are convertible in common shares on a 1:1 basis.   |
|         | Additional Vestment: | SERIES IV warrants are fully vested on the 5th anniversary of the Effective Date                                                                                                                                                        |

----

|   | Earnings Period: | Series IV warrants are earned in the first 3 years following the Effective Date |
|--------|------------------|---------------------------------------------------------------------------------|

| ii)   |  Pursuant to the ten year licensing agreement dated January 30, 2006 and amended May 25, 2006, the Company has committed to issuing, at no cost, an aggregate of 528,118 common shares of the Company on each of the 10 year anniversary dates of the licensing agreement to those RE/MAX executives and franchisees that participated in the company’s private placement which closed on June 9, 2006. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | The Company has signed lease agreements for computer and office equipment. Committed annual payments are as follows: |
|--------|----|----------------------------------------------------------------------------------------------------------------------|

| 2010 |   | $ | 1,413 |   |
|------|--------|---|-------|--------|
| 2011 |   | $ | 4,023 |   |
| 2012 |   | $ | 3,559 |   |

|   | e) | On February 8, 2007, the Company entered into a lease to rent office space in Calgary, Alberta, Canada for maintaining the Company's western Canada operations. The agreement is effective commencing May 1, 2007 for a five year term. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2010 |   | $ | 2,140  |   |
|------|--------|---|--------|--------|
| 2011 |   | $ | 10,274 |   |
| 2012 |   | $ | 3,425  |   |

|   | f) | On March 27, 2007, the Company entered into a lease to rent office space in Concord, Ontario, Canada for maintaining the Company's Canadian head office.  The agreement is effective commencing April  1, 2007 for a five year term. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2010 |   | $ | 25,737  |   |
|------|--------|---|---------|--------|
| 2011 |   | $ | 102,950 |   |
| 2012 |   | $ | 60,054  |   |

|   | g) | In October 2009, the Company entered into a lease in Glace Bay, Nova Scotia, for maintaining the Company’s Atlantic Canada offices and records.  The lease agreement was effective November 1, 2009 for a one year term.  Committed annual payments for 2010 amount to $223. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | h)     | Contingencies                                                                                                                                                                                                                                                                        |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                 |
|   |   | The Company is party to various other claims and proceedings arising in the normal course of business.  Management does not expect the disposition of these matters to have a material adverse effect on the Company’s results of operations or financial condition. |

|   | i) | Management is of the opinion that employee stock based compensation accrued under an employment contract is no longer owing to an employee who has left the company.  As at September 30, 2010, shares were potentially owing to employees who have left the company under employment contracts where the employees have not signed final releases of any amounts owing.  These common shares have not been accrued in these consolidated financial statements as there ultimate issuance is not determinable. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | A) | The Company has determined that its accounting treatment of employee stock based compensation was not in  accordance with ASC 718.  As a result, the company has decided to adjust its accounting policy to reflect the fair market value of the employee stock based compensation at the date of grant per ASC 718.  As a result, the Company has restated its comparative balances.  |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | B) | The Company has determined that its accounting treatment of employee vacation pay was not consistent with its stated vacation pay accounting policy. As a result the Company has restated its comparative balances.                                                                                                                                                                                                  |

| Nine Months Ended September 30, 2009                          |   | As reported |      |   | As restated |    |      | Adjustment |   |
|---------------------------------------------------------------|--------|-------------|-----------|--------|-------------|---------|-----------|------------|--------|
| Consolidated Statement of Operations and Comprehensive (Loss) |   |        |      |   |        |    |      |       |   |   |   |   |
| Employee stock based compensation expense                     |   | $           | 36,909    |   |        |  $ | 410,187   |       |   | $ | 373,278 |   |
| Salaries and Benefits                                         |   |        | 1,158,189 |   |        |    | 1,155,308 |       |   |   | (2,881 | ) |
| Net income (Loss)                                             |   |        | 821,369   |   |        |    | 450,972   |       |   |   | (370,397) |   |
|  Three Months Ended September 30, 2009                   |   |        |      |   |        |    |      |       |   |   |   |   |
| Consolidated Statement of Operations and Comprehensive (Loss) |   |        |      |   |        |    |      |       |   |   |   |   |
| Employee stock based compensation expense                     |   | $           | 58,105    |   |        |  $ | 147,308   |       |   | $ | 89,203 |   |
| Salaries and Benefits                                         |   |        | 333,260   |   |        |    | 342,511   |       |   |   | 9,251 |   |
| Net income (Loss)                                             |   |        | 741,630   |   |        |    | 643,176   |       |   |   | (98,454) |   |
| Consolidated Statement of Cash Flows                          |   |        |      |   |        |    |      |       |   |   |   |   |
| Net income (Loss)                                             |   |        | 821,369   |   |        |    | 450,972   |       |   |   | (370,397) |   |
| Employee stock based compensation                             |   |        | 36,909    |   |        |    | 410,187   |       |   |   | 373,278 |   |
| Accounts Payable and Accrued Liabilities                      |   |        | (148,104) |   |        |    | (150,985) |       |   |   | (2,881) |   |