Home Home Capital Group Inc.

Company: Home Capital Group Inc.

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handshaking and exchanging contract documents

Less diversified, riskier loan portfolios leave banks more vulnerable to downturn

Growth red graph over golden coins stacks over white

The mortgage lender reported a profit of $39 million in the third quarter

Rating agency notes firm's turnaround

Alternative asset manager alleges mortgage lender’s disclosure was inaccurate and misleading

West Face says it covered its short position during a period in which it now believes that market prices of Home Capital shares were inflated due to incomplete public disclosures

The mortgage lender’s top priority is to grow its residential and commercial business lines to more normal and sustainable levels, CEO says

The turnover follows the departure last week of Greg Parker

CFO Brad Kotush will assume departing Greg Parker’s responsibilities

More than 88% of shareholders rejected a plan that would have seen Buffett’s Berkshire Hathaway acquire 23.9 million more shares for $246.7 million

The alternative lender favours Berkshire Hathaway’s bid, despite the advisory from ISS