That didn’t long.
Just one week after Canada’s largest alt-mortgage lender Home Capital Group sent shockwaves across the Canadian financial system, when it confirmed that long-running allegations about its liar-loan business were true, and suffered a spectacular bank run necessitating emergency loans which yield a stunning 22.5%, the company is now “actively seeking expanded sources of funding” having drawn half of its C$2b rescue loan, according to an email sent to mortgage brokers seen by Bloomberg News.