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Street Capital Sees Openings as Home Capital Deposits Fall

By Tony Seruga

Street Cap posts 1Q loss; HCG due to report earnings Thursday
HCG liquid assets C$1.01 billion May 9 vs C$1.1 billion May 8

Street Capital Group Inc. said it’s treating recent turbulence in the Canadian mortgage lending market as an opportunity, while embattled rival Home Capital Group Inc. continues to see deposits dwindle.

“The issues faced by our mortgage lending peers are not representative of the risk we face today at Street Capital,” Chief Executive Officer Ed Gettings said Wednesday in a conference call. He didn’t elaborate on the opportunities he sees, but separately said the firm plans to expand into uninsured mortgages starting this month and is evaluating non-government sponsored residential mortgage-backed securities…

Street Capital Sees Openings as Home Capital Deposits Fall

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