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In recent days, the investment-banking arms of both Bank of Montreal and Royal Bank of Canada, hired by Home Capital to explore its options, have been contacting some mid-sized financial institutions to gauge their interest in a possible sale, according to sources. (Sean Kilpatrick/THE CANADIAN PRESS)
In recent days, the investment-banking arms of both Bank of Montreal and Royal Bank of Canada, hired by Home Capital to explore its options, have been contacting some mid-sized financial institutions to gauge their interest in a possible sale, according to sources. (Sean Kilpatrick/THE CANADIAN PRESS)

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Home Capital Group Inc. (HCG-T) says its Home Trust subsidiary has entered into an arrangement with an independent, unnamed third party that "wishes to purchase funded mortgages or accept mortgage commitments and renewals up to a total of $1.5-billion."

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