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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 MDawg65on May 16, 2018 1:29pm
55 Views
Post# 28040461

RE:RE:News out

RE:RE:News outthey don't need more they sold enough assets last year and now have excess capital.

they stil have to pay a stand by charge and facility fee in total of 1.35 % even if they don't draw a single penny. the $ 2Billion was there way of saying if they don't have any demand deposits they could still run the company. Depositors returned but not at the same levels and the company is no longer dependent upon demand depositors and are less vulnerable to the whims and fears of those type of depositors.  

The interest rate is just slightly above 3 % which is a huge savings compared to the HOOP rate of 10 % plus facility fee and the Berkshire Hathway which was 9 % plus facilty fee.

ti should improve their NIM for sure.  But now they aren't borrowing and paying for more loans than they need.


Bullboard Posts