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Home Capital Group CEO Gerald Soloway says the company is looking closely at the $960 billion pool of mortgages managed by 45 now suspended brokers. An Ontario Securities Commission investigation revealed false income verification figures. Soloway says he does not expect any credit losses resulting from the incident, and affirms that the mortgages in question are “performing well.” The company will also introduce a broker loyalty program and work to bring new talent on board. (BNN Video)

Home Capital Group CEO Gerald Soloway says the company is looking closely at the $960 billion pool of mortgages managed by 45 now suspended brokers. An Ontario Securities Commission investigation revealed false income verification figures. Soloway says he does not expect any credit losses resulting from the incident, and affirms that the mortgages in question are “performing well.” The company will also introduce a broker loyalty program and work to bring new talent on board.

(BNN Video)

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Home Capital Group Inc. (HCG-T) pre-announced preliminary, unaudited first-quarter earnings per share of 90 cents, compared to 92 cents a year ago.

Adjusted EPS is expected to be $1.02 versus 96 cents a year ago.

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