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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, January 13, 2016

2015 in review: Home Capital posts stable fundamentals despite growth loss

Canadian residential mortgage lender Home Capital Group Inc. (OTC:HMCBF) continues to enjoy a healthy bottom line despite a noticeable loss of growth last year, which saw a drop of 37 per cent compared to its earnings per share in 2011.

Industry observers attributed the decline to issues in mortgage documentation. In 2015, Home Capital terminated its relationships with 45 brokers who have falsified their borrowers’ income information. These brokers represented approximately 10 per cent of the company’s mortgages outstanding.

Despite these developments, the impact on the company’s bottom line was negligible, with respectable growth during the second half of 2015. The Home Capital workforce has also seen the addition of 600 active brokers in the same period.

The company’s dividend yield is now 3.5 per cent, on par with the competition. With the resumption of growth (targeted at 8 to 13 per cent per annum) in 2016, dividend payments can rise from the current <25 per cent of earnings. Most importantly, stringent checks have been implemented to verify each borrower’s financial status, with a comprehensive review of the dubious mortgages underway. Over 90 per cent of the company’s mortgages remain qualified for renewals. MBN We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

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