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Home Capital Group Inc 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 mmsl7751on Sep 25, 2017 2:41am
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Post# 26736345

RE:RE:possible private placement

RE:RE:possible private placementthanks, very concise.
WBuffett1 wrote: You need to learn how to read the balance sheet man. As of Q2,

Net loans on balance sheet: 17.6B

Deposits: 13.1B
Securitization Liabilities (these are insured mortgage loan offsets): 3.3B
Line of Credit: 1.4B (this was paid off in Q3 with loan sale)
Cash: 1.7B
Total: 19.5B

HCG is well-capitalized and no additional liqudiity needs. Thats why the shareholders rejected WB's second tranche becasue there is no need for additional liquidity. As a matter of fact, they probably have too much liqudity now (2B in last update) and they need to make more loans to generate spread.

 



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