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. Read More
Here is the document from the Ontario Securities Commission outlining the allegations against Home Capital.
How lenders are sidestepping Canada’s mortgage rules with ‘bundles’ of debt
BlackRock Warns It Would Be ‘Folly’ to Ignore Home Capital Woes
One of the most recent and frightening developments on the Canadian real estate scene is the destruction of Home Capital. Home Capital is referred to as an alternative lender, it lends money to house buyers who otherwise do not qualify for a residential mortgage from traditional lenders. In other words, Read More