HomeEquity Bank Listed On The 2017 Profit 500
Canadian Business unveils 29th annual list of Canada’s Fastest-Growing Companies TORONTO, Sept. 14, 2016/ CNW/ - Canadian Business and PROFIT today placed HomeEquity Bank on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, and the only national provider
Continue Reading...HomeEquity Bank announces its inaugural $120 million syndicated credit facility
Toronto, August 28, 2017 – HomeEquity Bank (the “Bank”) announced that it has arranged a $120 million senior revolving credit facility (the “Facility”), secured by a portfolio of reverse mortgages. This Facility has been provided by a syndicate of five leading lenders and is renewable annually. CIBC served as Sole Lead Arranger and Sole Bookrunner, and will act as Administrative Agent under the Facility. The other syndicate members are ICICI Bank Canada, The Bank of Nova Scotia, National Bank of Canada and Raymond
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HomeEquity Bank Posts Record Growth For May 2017
TORONTO, June 8, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady growth and performance in the five months of fiscal 2017. Record reverse mortgage originations of $60MM for the month of May resulted in a year-to-date increase of 35 per cent compared with the same period a year ago. “Canadian seniors are releasing the equity they’ve built in their homes, transforming it from passive to active,” said Steven Ranson, HomeEquity Bank’s president and CEO. “We’ve seen a shift
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HOMEEQUITY BANK RELEASES DEBT AND HOMEOWNERSHIP STUDY
TORONTO, May 15, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, today published the findings of its proprietary research study “The Home Stretch: A Review of Debt and Home Ownership Among Canadian Seniors.” The results of the national study outline increasingly troubling trends: as Canada’s population ages, the ability to retain and maintain a home is progressively compromised by record household debt levels, modest long-term savings, the decline of defined-benefit pensions and extended life exp
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HomeEquity Bank Achieves Gold Ranking in AON’s 2017 Best Employers Survey
TORONTO, November 10, 2016 -- HomeEquity Bank, Canada’s provider of the CHIP Reverse Mortgage™ and the only Schedule 1 bank dedicated solely to mature Canadian homeowners, has placed Gold in AON’s 2017 Best Employers survey. The recognition reflects HomeEquity Bank’s high employee-satisfaction rating, significant growth and revenue and a unique corporate culture that motivates employees to succeed. The company’s first-rate benefits packages and community initiative sponsorships have also contributed to its ranki
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Home is where the heart is this Remembrance Day: HomeEquity Bank reminds Canadians of wartime sacrifice with Letters Home, a new Digital Poppy fundraiser that shares real letters from Canadian soldiers with current homeowners
Authentic letters sourced from the Canadian Letters & Images Project connect Canadians with soldiers who fought in the First and Second World Wars, providing an honest and thought-provoking reminder of their sacrifice The historical letters are being delivered to their original destinations across Canada and include QR codes to help drive Digital Poppy sales at mypoppy.ca Letters-Home.ca is an interactive tool to help Canadians of all ages feel connected to veteran stories TORONTO – Nov. 2, 2022
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The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Third Time
TORONTO, ON, September 23, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Report on Business ranking of Canada’s Top Growing Companies for the third time. Assessed on three-year revenue growth, HomeEquity Bank earned its spot in the ranking with three-year growth of 63 per cent. In 2021, HomeEquity Bank reported over $1 billion in reverse mortgage originations for the first time ever. This milestone represents a 28 per cent increase over 2020. The
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HomeEquity Bank announces appointment of new Board of Directors
TORONTO, ON, August 02, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, announced today that it has a new Board of Directors. Appointment of the new Board, formed of eight members, and chaired by Dan Jauernig, Corporate Director and President & CIO of NCM Capital Inc., follows the completion of HomeEquity Bank’s acquisition by Ontario Teachers’ Pension Plan in July of this year. “We are excited to welcome a talented and diverse new Board of Directors, who will help drive HomeEquity Bank forward
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HomeEquity Bank enters the Metaverse to build a Homes for Heroes village in support of homeless Canadian veterans
The campaign will allow Canadians to explore a virtual Homes for Heroes village, and help “make it real” by donating funds that will be matched by HomeEquity Bank TORONTO, ON, July 12, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is proud to announce the creation of a virtual Homes for Heroes village in the Decentraland Metaverse, an evolving and immersive 3D network of worlds that lets users explore and socialize with their computer and via augmented and virtual reality. The virtual vill
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Ontario Teachers’ announces completion of its acquisition of HomeEquity Bank
This exciting investment in HomeEquity Bank will enable the business to continue its next stage of growth and innovation TORONTO, ON, July 4, 2022 – Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today that it has completed the acquisition of HOMEQ Corporation (“HomeQ”), the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. (“Birch Hill”) and the other minority shareholders of HomeQ, in a deal that was first announced in September 2021. The acqu
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