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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

Home Capital Group Inc
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Comment by Olimpuson May 01, 2017 2:14pm
153 Views
Post# 26188035

RE:RE:RE:RE:Does not look good

RE:RE:RE:RE:Does not look goodAgain the only reason why we are even IN this issue is because of the different rules that HCG has to follow than the big banks.

The reason the stock is tanking is the LOC they needed to take to protect against the run on deposits.

A problem none of the banks would have if they bought the company out.  The bigest concern is how bad the "illegal" lending has gone
Bullboard Posts
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