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Smith Financial to buy Home Capital Group as mortgage industry under strain

Smith Financial to buy Home Capital Group as mortgage industry under strain
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Smith Financial to buy Home Capital Group as mortgage industry under strain

TORONTO Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.

Smith Financial to buy Home Capital Group in $1 7B deal as mortgage industry under strain

Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.

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