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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
Comment by Prisme13on Jun 07, 2017 12:08pm
77 Views
Post# 26335734

RE:RE:HCG is just a Bank

RE:RE:HCG is just a BankHCG has a very low mortgage default rate. The BoC is well aware that raising interest rates affect many Canadians and Poloz is moving extra slowly. There will be no bail out.
Tater78 wrote: They're a bank with lax lending standards who have used a long running property bull market to bail them out when those loans go bad. IMO

poubelle1 wrote: Go back 40 years. What is the difference between how HCG conducts business and any of the major banks? The biggest difference is that the banks had branches. HCG relies on third parties to bring in the mortgages. So what? 

HCG should not be allowed to go under since we need more competition in Canada, not less. I am thinking that they will survive, but a buyout is also possible in the high teens. 

risk/reward looks good here. I think we go up from here after a month of consolidation.




Bullboard Posts