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02

Home Capital Is Clawing Back After Near-Collapse

By Tony Seruga

More money comes into Guaranteed Investment Certificates
Mortgage lender reports first quarterly loss since 1999

Home Capital Group Inc., the Canadian mortgage lender trying to rebuild itself with the help of Warren Buffett, is clawing back after near-collapse.

The Toronto-based company reported second-quarter results that showed a growing funding base, according to a statement late Wednesday. With its capital position improving, the lender said that uncertainty about its ability to continue as a going concern is resolved…

Home Capital Is Clawing Back After Near-Collapse

Categories : Finance, Real Estate

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