Home Land Credit and Investments Inc.

In order to achieve this objective while mitigating the portfolio’s overall exposure to risk, Home Land Credit and Investments Inc.’s investment activities are governed by a strict set of underwriting criteria based on a credit policy framework established by the Board of Directors.
Home Land Credit and Investments Inc.’s mortgage portfolio at a glance:
  • The portfolio is diversified with a mix of investment types.

  • The Home Land Credit and Investments Inc. invests in a number of different communities primarily in Toronto and the Greater Toronto Area, providing geographic diversification with limited exposure in the more speculative markets.

  • The portfolio is composed of a mix of first and second residential mortgages. In 2018, the portfolio has experienced an average weighting of 81% second residential mortgages and 19% first residential mortgages in terms of dollars funded.

  • Based on conservative third-party appraisals obtained at the time of funding, the Loan-to-Value (“LTV”) ratio of the portfolio is approximately 62%.

  • Home Land Credit and Investments Inc. is invested in a number of different communities, providing geographic diversification with limited exposure in the more speculative markets. The balanced markets we invest in have not experienced significant upswings and should avoid the rapid declines that often follow.

  • In 2018 Home Land Credit and Investments Inc.’s average loan size is approximately $70,000, as compared with other mortgage investment corporations, which average in the millions.

  • Home Land Credit and Investments Inc. typically makes investments with terms of 12 months, with the average term to maturity within the portfolio historically being approximately 4.8 months, providing a high level of liquidity to the mortgage portfolio.