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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 TraderBenon Oct 03, 2017 9:00pm
74 Views
Post# 26773256

RE:RE:RE:RE:RE:RE:I have a feeling that some short sellers in some trouble

RE:RE:RE:RE:RE:RE:I have a feeling that some short sellers in some troubleTater, Rob McLister of RateSpy.com made a good point on house money (BNN) this evening: If borrowers can not pass the newly proposed stress test with the big 5 then the alternative lenders will see more business. As well, because the stress test, if implemented, (and remember - it only applies to uninsured mortgages so that is only one of 5 mortgages) is anticipated to not be in effect until next year, there may be a "bit of a rush" for people getting in - before the stress test takes affect. Some people see the stress test as positive for hcg, and eqb. cwb set a new 52 week high, and the increased interest spread is positive to banks as a sector. Toronto housing market does not make a nation.
Bullboard Posts