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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 FootballFan1on Dec 07, 2015 5:31pm
348 Views
Post# 24363073

What Happens To HCG If Housing Market Takes a Big Hit......?

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.....?
Bullboard Posts