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.

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Home Capital Group Inc

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Comment by StocknerdEQcoolon May 08, 2017 1:09pm

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Post# 26216879

RE:Sorry guys, it is time to take your losses and GET OUT!

flush 777, I concur with most of your views. The only problem with GIC holders may not be able to able to get out until their certificates come to maturity. They are FDIC insured. There is one chance in a hundred this bank will be absorbed by the big 4 if the situation of HCG deteriorates too rapidly and spreading into bank-runs. IMHO, the government will then be stepping in. Now all eyes are watching.

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