TORONTO (Standard&Poor's) July 31, 2015--Standard&Poor's Ratings Services said today that its ratings and outlook on Home Capital Group Inc. (BBB-/Stable/A-3) are currently unaffected by the recent decline in mortgage origination volumes, the termination of mortgage brokers, and the resignation of James C. Baillie from the board of directors of Home Capital and its subsidiary, Home Trust Co. The mortgages originated by the now-terminated brokers during 2014 totaled $960.4 million, which represented 5.3% of the outstanding loan assets on the company's balance sheet as of year-end 2014. Furthermore, we expect that the total loans originated by these brokers that are currently on Home Capital's balance sheet represent only a slightly higher percentage of current outstanding loan assets.
