Mortagage financing Canada

The downfall of Home Capital – a timeline

the downfall of Home Capital
Courtesy of: Visual Capitalist

The downfall of Home Capital

Here is a great chart detailing the downfall of Home Capital. As the chart indicates, ultimately the question is whether this is a “one shot” affair or the start of something more serious. The next mortgage lender of concern is the Equitable Group. Equitable is in many respects very much like Home Capital. The trigger for Home capital was, however, the Statement of Allegations issued by the Ontario Securities Commission. Just a reminder, hundreds of millions of dollars have been lost by investors in the common stock of Home Capital.