(Corrects currency to Canadian dollars)
May 9 (Reuters) - Home Capital Group Inc said a third party intends to buy up to C$1.5 billion ($1.10 billion) in mortgages, at a time when Canada’s biggest non-bank lender is attempting to stem the flow of customer withdrawals.
The third party has indicated its non-binding intention to buy as much as C$1 billion in uninsured mortgages and to buy or accept commitments for up to C$500 million in insured mortgages.
Home Capital is under pressure as it deals with a plunge in its high-interest savings accounts deposits, the recent departures of its founder and chief executive, and faces a regulatory probe for misleading investors. ($1 = 1.3694 Canadian dollars) (Reporting by Arathy S Nair in Bengaluru; Editing by Anil D’Silva)