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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

Bullboard Posts
Post by clangordonon May 14, 2017 5:02pm
192 Views
Post# 26242460

going to zerow

going to zerowhcg has stated they do not except any deals soon. in our view there are no deals that could save this hcg from liquidation but there rather events that could prolong the grief. hcg have just had a run on there capital and are void of tier one capital. the public has no confidence in hcg. it will never come back. it was my hope/belief regulators would have imposed an answer over the weekend. based on the facts I know they did not. given the hcg panic, given an over heated property market, given the down grading of credit of the big banks, given an inability or unwillingness to impose answers from regulators; could we see more runs? clangordon is very concerned that this could spread and is acting trepidly.
Bullboard Posts