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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Home Capital Group Inc
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Comment by puffdragon699on May 11, 2017 10:32pm
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Post# 26235045

RE:RE:RE:RE:Uninsured GIC's?

RE:RE:RE:RE:Uninsured GIC's?
Spokeswoman wrote: Speak to the issuer of your GIC. I used a T2033 form and sent it in so that 1 gic of $100 000 has been transferred to home bank and the other two GIC totalling 20 000 remain with hometrust thereby insuring all 120 000, not just 100 000. If Home Capital closes, (which I don't think they will) the CDIC will pay you your principle and interest up to 100 000 per account. No claim needs to be filed.The Boomer and Echo blog has a recent article on how cdic insurance works.


Thanks for the info re Boomer and Echo!
I have GIC's with HomeTrust,and although totally not worried about getting my money back should the worse case scenaio happens....I was  concerned that it may take many months and reams of paperwork.Nice to learn that its  painless and quick!

Armed with this knowledge,I would not hesitate to renew....if the rate was attractive enough!
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