The ripples from the $1.7\u002Dbillion transaction could extend to other pockets of the banking space, analysts say. Read more.
. Home Capital’s third-quarter results showed the effect of the slowing housing market, with single-family mortgage originations plunging by 28 per cent from a year earlier.
National Bank of Canada analyst Jaeme Gloyn estimated in an Oct. 24 note that 66 per cent of Home Capital borrowers would need to renew their mortgages over the next 12 months and could expect to pay $1,190 more on monthly payments on average.
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Home Capital — the mortgage lender bailed out by Buffett — is being bought by Smith FinancialThe $44-a-share offer from the company controlled by Canadian businessman Stephen Smith values Home Capital at $1.7 billion
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Smith Financial signs deal to buy Home Capital Group for $44 per share - BNN BloombergMortgage lender Home Capital Group Inc. has signed a deal to be acquired by Smith Financial Corp. that values the company at $1.7 billion.
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Home Capital to be acquired by Smith Financial in $1.7-billion dealSmith Financial will pay $44 in cash per share of Home Capital. Find out more.
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Home Capital to be acquired by Smith Financial in $1.7-billion dealSmith Financial will pay $44 in cash per share of Home Capital. Find out more.
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Home Capital to be acquired by Smith Financial in $1.7-billion dealSmith Financial will pay $44 in cash per share of Home Capital. Find out more.
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Mortgage Lender Home Capital to be Acquired by Smith FinancialSmith Financial already owns 9.1% of Home Capital shares, and the deal values the remainder at $1.7B. hometrustco | realestate realestatenews finance
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