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 DayOfReckoningon May 12, 2017 12:08pm

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Post# 26237511

RE:going to nothing

Yup, common equity can easily go to zero as the sands have shifted. HCG shareholders are smokin' bad stuff...

clangordon wrote: hcg had a run on there capital. that is the basis of there leverage. hcg is a bank and has bank leverage.
hcg has a gross capital short fall.
hcg are making desperate deals at very high cost to raise capital. thereby putting at risk the new lenders which include pentition funds that are not at arms length.
hcg is selling assets cheap. they are desperate and need to be so
leamans went down on a run against there capital. if they did then hcg can and it appears will. management is even talking about a possible liquidation.
the real economics are that those who do not show the income that that the big banks like will be out of the market. we need stable funding for those who not meet bank income rules.
hcg is not to big to fail.