Alternative Mortgage Lenders Bouncing Back, Says CIBC World
"Coming out of last April's liquidity crisis, Canada's two largest Alt-A mortgage lenders, Equitable Group (EQB.TO) and Home Capital Group (HCG.TO), emerged battered, bruised and yet arguably stronger,"
"Balance sheets are materially de-risked, especially now that rapid flight High Interest Savings Accounts are no longer a significant source of funding. Liquidity and capital are stronger than they have ever been and confidence has been restored thanks no less to an investment in HCG courtesy of Berkshire Hathaway."