Buffett's company lends $1.5B to Home Capital, invests $300M
Toronto-based Home Capital has struggled with liquidity issues since Canadian regulators announced in April they were investigating the mortgage lender.
"Home Capital's strong assets, its ability to originate and underwrite well-performing mortgages, and its leading position in a growing market sector make this a very attractive investment," Buffett said.
Berkshire Hathaway Inc. owns more than 90 subsidiaries, including BNSF railroad, Geico insurance, Fruit of the Loom, several major utilities, manufacturers and jewelry firms.