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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 intheteethon May 09, 2017 9:48pm
98 Views
Post# 26223932

RE:RE:RE:Burning the furniture to heat the house

RE:RE:RE:Burning the furniture to heat the house
bruhhh1 wrote: No one has any idea how strong their mortgage book is, except the failure rate was lower than big six banks. Saying/conjecturing that they sold off "all their best mortgages", leaving only garbage, is just conjecture. For all you know they're all good.


But why are the banks not interested in buying up their assets?

Selling off their mortgages is coming from a position with 0 leverage so how would they pull this deal off with a senario where they keep the best mortgage crop for themselves. 

I think they def sold for less than $ value, add their interest to this...

Bullboard Posts