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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
Comment by Olimpuson May 01, 2017 10:59am
114 Views
Post# 26186857

RE:How many will pull out money today?

RE:How many will pull out money today?17b in mortgages. 
margins of 2.5-3.5% with high interest saving accounts.  

10% at one billion= 100m in cost -35M in interest gained is a net loss of 65M.  Add the non refundable 100m for the LOC and you have a loss of 165m on 1 billion of LOC and 285M if the entire LOC is used while they restructure over the next few months or are sold.

Its not good.... but its workable for the forseeable future without net losses on the year.  Remember 2B is just over 10% of their mortgage portfolio.  So though it is a big loss.... they still have 86% of their mortgages MAKING MONEY to cover



Bullboard Posts