TORONTO—A Canadian mortgage lender announced Monday that it had drawn 1 billion Canadian dollars ($732.5 million) from an emergency C$2 billion credit line secured last week as deposits continued to stream out of the firm following allegations it misled investors about mortgage-application fraud. Home Capital Group Inc., Canada’s largest mortgage lender to borrowers with less-than-stellar credit scores and unpredictable incomes, said customers had pulled about C$1 billion, or 72%, of its high-interest savings deposits...

Source: Wall Street Journal May 01, 2017 18:15 UTC