What Happens To HCG If Housing Market Takes a Big Hit......?
Are mortgages held by companies like HCG not insured by CMHC.....?....A company like HCG can boast about the due diligence they or their authorized broker partners do, but if people lose their jobs or self-employed people get into trouble financially, are companies like HCG on the hook for the whole enchilada re. the outstanding mortgage balances if their clients default in their payments.....?.....maybe it won't take a severe drop in the housing or employment/business market in Canada for HCG's forward earnings to take a big drop downward - perhaps the tipping point is not as far-fetched as many HCG boosters say it is.....?