TD Bank looking to sell $9B of mortgages to meet asset cap, Bloomberg says

Toronto-Dominion Bank is aiming to sell about $9B of residential mortgage loans in order to modify its balance sheet to comply with a new cap imposed by the U.S. regulators, Bloomberg’s Scott Carpenter and Carmen Arroyo report. The portfolio for sale consists of jumbo mortgages taken out by U.S. homeowners with relatively high credit scores, according to people familiar with the matter, who add that bids are due next week.