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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

Bullboard Posts
Post by TITOOOon Sep 27, 2016 10:03am
139 Views
Post# 25281187

Coughing it up in the GTA and VYR

Coughing it up in the GTA and VYR
On Friday the country’s top financial regulator dropped a hammer on the mortgage insurance business, taking special aim at the delusional locals in Vancouver and Toronto. If proposed changes happen (they will) then come the first of the year, mortgage insurers must beef up capital requirements to deal with the added risk inherent in those markets. It means borrowers will be under increased scrutiny over creditworthiness, including details of the loan size, credit score, outstanding debts and the time left to repay the mortgage – as well as the location of the home.
 
Think you always automatically qualify for mortgage insurance if you qualify for a home loan? Think again. :-)
Bullboard Posts