Effective use of deposit and mortgage insurance (CDIC and CMHC) Loan portfolio is primarily residential first mortgages Favorable efficiency ratio and asset quality Very strong capital ratios and operating earnings Strong mortgage origination, underwriting and collection infrastructure No direct exposure to U.S. subprime or Canadian nonbank ABCP Limited business diversification Collateral lender in the Canadian residential Alt-A space Dependent on broker distribution channels for origination Gain on sale accounting distorts core revenues and net income Growth in commercial real estate book increasing single-name exposure The ratings on Toronto-based Home Capital Group Inc. (Home Capital; TSX: HCG) and Home Trust Co. (Home Trust), a federally regulated trust company and a member of the Canadian Deposit Insurance Corp. (CDIC), reflect the company's
