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BRIEF-Home Capital clarifies on credit losses due to termination of contracts with certain brokers

Published 2015-07-31, 03:56 p/m
BRIEF-Home Capital clarifies on credit losses due to termination of contracts with certain brokers
HCG
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July 31 (Reuters) - Home Capital Group Inc HCG.TO :
* Says clarifies information provided in response to a question during its Q2
conference call on July 30, 2015
* Loans originated using falsified income verification documentation represent
immaterial portion of its overall mortgage portfolio
* Says actively monitoring all active mortgages originated by the brokers in
question and there have been no unusual credit issues
* Says continues to believe that "it is unlikely that this matter will lead to
significant credit losses"

* Source text for Eikon ID:nCNWFklf3a

* Further company coverage HCG.TO

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