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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 TITOOOon Aug 29, 2017 9:03pm
110 Views
Post# 26635060

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CFO

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CFO
For all intents and purposes, the bubble burst 4 months ago but those with vested interests have been telling everyone that tens of thousand of buyers will suddenly appear out of nowhere after Labour Day weekend to absorb the inventory and consequently, prices will go up again. LOL
 
Of course, the irony in all that is that many people have been holding off on listing their homes for this exact reason… so a huge uptick in listings in early September is very likely… Will tens of thousands of buyers dying to invest in a city with failing infrastructure and rising crime rates suddenly storm the field in a free-falling market?
 
I guess we will know for sure in the next few weeks, but real investors aren’t generally as dumb as the industry is hoping… uneducated speculators maybe, but it’s safe to assume the 20% drop so far has been sobering enough.
Bullboard Posts