FirstCity Capital Corp., the capital markets subsidiary of FirstCity Financial Corp., announced last week that it is seeking a new financial partner to execute its proven long-term business plan of pursuing the home equity business.

Formed just two years ago to meet the growing demand by originators of home-equity loans for consistent and predictable underwriting and funding practices, the Valhalla, N.Y.-based company originated $147 million of home-equity loans during the first half of this year.

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