Home Disclosure

The mortgage lender says it expects to have $125 million deposited in its high interest savings accounts by the end of Friday

The regulator’s allegations have prompted some customers to pull their deposits

Credit rating agency cites the firm’s decision to postpone the release of its first quarter earnings to May 11

The company says the change will allow the management's discussion and analysis section of its Q1 results to be updated

More customers pull deposits

The resignations come as Home Capital grapples with a series of problems

The firm as hired RBC Capital Markets and BMO Capital Markets to advise on further financing and strategic options

The company has faced accelerated withdrawals by depositors since the announcement of various senior management changes, and allegations of disclosure violations from the OSC

The OSC has alleged the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications

Canada’s big banks to face new disclosure requirements

Compliance professionals must improve their training of approved persons on outside business activities to reduce risks for firms and their advisors