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Home Capital Group Inc 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 DaveAuon Nov 08, 2010 7:27pm
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Post# 17677105

RE: RE: Steady as she goes

RE: RE: Steady as she goes"But Gerry also said during the 2nd quarter conference call that July was  a huge month for originations.  In reflecting on the drop in originations from 2.0 billion to 1.6 billion in the third quarter, originations in August and September must have been at seriously reduced levels."

Good point. According to my notes, he said July was up 78% versus previous year and the quarter ends up only 17% above the previous year. I'm not sure what to make of that. Is it possible the July number actually includes all the June sales just ahead of the HST ?
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