Home Capital Targets Uninsured Mortgages to Boost Profit

``By year-end, uninsured mortgages may represent as much as 75 percent of Home Capital's new originations as clients return to the housing market, Reid said. Uninsured, or Alt-A, mortgages account for about 20 percent of a C$1 trillion ($1 trillion) mortgage market in Canada, he said. They're often taken by clients who work as independent contractors or freelancers and aren't eligible for loans at chartered banks.''