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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 MDawg65on May 19, 2017 4:29pm
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Post# 26266322

RE:RE:RE:RE:RE:Paul Harris on BNN...

RE:RE:RE:RE:RE:Paul Harris on BNN...for sure their cost of capital is through the roof. they are borrowing at credit card rates.

But that is the point of the current action plan- they will replace the HOOP loan with something cheaper- they bought themselves adequate time

and if they can't then for sure they won't be profitable.

the director didn't think it would NOT  be done right away.


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