IE Staff
(September 13 – 11:00 ET) –
Home Capital Group Inc.
agreed to purchase a $61 million
mortgage portfolio from CIBC
Trust Corp.
The deal is scheduled to close
over the next three months, with
approximately $20 million closing
this month. Home Capital says it
doesn’t expect the deal to affect
earnings this year, but it does
boost its portfolio to $700 million.
Home Capital Group Inc. is a
holding company which, through
subsidiary Home Savings &
Loan, offers deposit and mortgage
lending in Ontario and Western
Canada focusing on residential
first mortgages for the self-
employed, small business owners
and other consumers.
IE Staff
For more please see: