Home Mortgages

More than 88% of shareholders rejected a plan that would have seen Buffett’s Berkshire Hathaway acquire 23.9 million more shares for $246.7 million

The increased mortgage balance has been driven by rising home prices

Warren Buffett’s firm provided the alternative mortgage lender the financial lifeline last month as Home Capital was trying to regain investor confidence

Rise of robo-advisors in mortgage business could have an impact

These new services could simplify how prospective borrowers access traditional lenders

Greg Parker will focus on identifying and evaluating options to further develop the alternative lender’s business

The proposals are our for comment until Aug. 17

The deal between the alternative mortgage lender and Warren Buffet's company is expected to close on June 29

The announcement comes after the company agreed last week to settle both an OSC case and a class-action lawsuit filed by investors.

Many millennials are unprepared to deal with a financial emergency

Available funds are sufficient, mortgage lender says