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BRIEF-Home Capital Group says GICS in cashable position $145 mln as of May 29

Published 2017-05-30, 05:27 p/m
© Reuters.  BRIEF-Home Capital Group says GICS in cashable position $145 mln as of May 29
HCG
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May 30 (Reuters) - Home Capital Group Inc HCG.TO :

* Home Capital provides update on liquidity and non-securitized mortgage portfolio

* Home Capital Group Inc - GICS in a cashable position $145 million as of may 29

* Home Capital Group Inc - as of may 29, HISA deposit balances stood at about $109.1 million

* Home Capital - aggregate liquidity and credit capacity was $1.09 billion as of may 29 versus $1.07 billion as of may 26

* Home Capital - total guaranteed investment certificate (gic) deposits was $12.21 billion as of may 29 versus $12.26 billion as of may 26

* Home Capital - is managing its originations of new business and renewals of existing business to align with current liquidity levels and funding capacity

* Home Capital - management will continue to work on developing longer term liquidity solutions

* Home Capital - expects non-securitized single-family residential mortgage originations will be constrained until at least end of year

* Home Capital-projects outstanding non-securitized single-family residential mortgage balances to decline over next few qtrs to about $10-$11 billion at year-end 2017

* Home Capital says single-family residential mortgage renewal percentages are likely to fall within historic ranges

* Home Capital - continues to maintain sufficient aggregate liquidity and credit capacity Source text for Eikon: ID:nCNWfwQMVa Further company coverage: HCG.TO

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