VariousHCG's "Home Trust" mortgage rates show at 4.39% for 1 year fixed. Their GIC offerings at Oaken are 4.05%. That's a difference of just .34%... They recently did a notes offering at 5.3%? Borrow at 5.3% to lend at 4.39% = negative interest margin, BEFORE expenses? That's the business model?
Anyone else see a "problem" here?
Ty for short reports, I see they are ramping up.
Own a tiny toe in the water position. Used to be a big holder of this a while back.