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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 DaveAuon Oct 04, 2012 7:46pm
221 Views
Post# 20450031

TD

TD

The housing market looks to have finally turned but I had a little chat with a TD loan rep this week. He said they were forced to turn down what looked to him like good business due to tighter restrictions brought in recently. He mentioned that they'd had to turn away self employed people based on the earnings showing on their tax assessment which he implied were often understated but the new rules give them little leeway. The same thing is likely happening at all the banks which will help HCG weather the downturn.

Bullboard Posts