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 Djwburron May 24, 2017 7:09pm

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Post# 26280135

RE:HCG has now drawn $1.65B of $2B line

The Home Capital longs see this as positive development. They won't wake up until this company is halted and equity is wiped out. Then they will complain as though it is unfair and they demand answers. Seen it too often. Then they'll go back to investing in mutual funds

TITOOO wrote: HCG has now drawn 1.65B of 2B line.

90% of deposits in high-interest saving accounts are withdrawn. Deposits @ 155M down from $2B,