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.

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Home Capital Group Inc

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Comment by UpUpWeGoon May 11, 2018 10:30am

67 Views

Post# 28017946

RE:Ouch!!!

It's will be a nasty housing crash in the GTA and Vancouver.

DrSiIbergleit wrote:
The probability is 95% for two additional rate hikes by the end of the year. The prime rate by Christmas will then be a hair under 4%. The five-year fixed (posted) mortgage rate will also be 5%.

Payments on a $500,000 mortgage would jump from $2,100 a month to $3,139.