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.

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Home Capital Group Inc

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Comment by Funinthesun1on Jun 29, 2017 3:36pm

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Post# 26421138

RE:RE:RE:RE:Bought out at $40 a share

Very well said and very true. They stay away from this type of lending. Reputational and high risk.

MDawg65 wrote: except the banks don't want to be in this business.

that is why Home Trust and EQ exist.

the banks don't want to be lending to this sector. they want low risk loans funded by cheap deposit money. the only real risks they take are when they invest in the US and abroad. their Canadian ops are easy source of profits- i.e ever increasing fees and low GIC rates.

its true they don't want real competition, which is why the Bank Act makes it so
restrictive for foreign banks to set up shop in Canada.