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Signs for Home Trust Co., a subsidiary of Home Capital Group Inc., are seen outside the company's headquarters in Toronto. (Cole Burston/Bloomberg)
Signs for Home Trust Co., a subsidiary of Home Capital Group Inc., are seen outside the company's headquarters in Toronto. (Cole Burston/Bloomberg)

OSC settlement boosts Home Capital, but funding concerns loom large Add to ...

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Home Capital Group Inc. relieved a major headache by agreeing to settle a dispute with securities regulators, but the mortgage lender’s funding woes are still a central concern as investors crave more tangible signs of a turnaround.

Toronto-based Home Capital watched its share price surge 12.7 per cent higher on Thursday after news that the troubled mortgage lender has struck a pair of deals to settle allegations of misleading disclosures about fraudulent mortgage underwriting practices dating back to 2014.

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