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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

Home Capital Group Inc > The morgage owners have been upset to learn ...
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Comment by canaderon Mar 28, 2020 9:47am
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Post# 30855648

RE:The morgage owners have been upset to learn ...

RE:The morgage owners have been upset to learn ...

“You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time”.”

But bankers point out that the program is designed to help customers with their cash flow in a time of crisis, not to save them money. And banks must pay interest on deposits, bonds and other financial instruments used to raise the funds that are loaned out as mortgages, and have to match those liabilities with interest coming in.


RAFpiIot wrote: ... that the deferrals are not a true payment holiday, and that the banks continue to add interest to the loan’s principal through the relief period.

https://www.theglobeandmail.com/business/article-canadas-big-banks-swamped-by-requests-for-mortgage-deferrals-as-job/


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