October 20, 2016 / 8:57 PM / in a year

BRIEF-Home Capital Group says statement on anticipated impact of recently announced changes to mortgage insurance rules by Government of Canada

Oct 20 (Reuters) - Home Capital Group Inc :

* Home capital statement on impact of mortgage insurance rule changes

* Home Capital Group Inc says statement on anticipated impact of recently announced changes to mortgage insurance rules by government of Canada

* Home capital -anticipates certain limitations placed by government could significantly reduce co’s ability to profitably originate and fund certain mortgages

* Home capital group inc - anticipates negative impact on net income before tax to be “relatively limited”, approximately $6.5 million

* Expects these changes could result in a decline of up to 60% in new “accelerator” originations Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below