Home Capital Mortgage Book Swells as Banks Balk
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Home Capital Group Inc., Canada’s largest non-bank mortgage lender, is picking up loans banks are shunning amid tighter lending regulations.
The company reported originations rose 28 percent to C$2.6 billion ($2.3 billion) in the third quarter from a year ago. So-called traditional mortgage originations, which have loan to value ratios of 80 percent or less, jumped 35 percent to C$1.8 billion from the previous year.