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09.14.17

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

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08.28.17

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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06.08.17

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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05.15.17

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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11.10.16

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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05.01.25

CHIP Mortgage Trust Issues $225 million of Medium Term Notes

Toronto, May 1, 2025 – CHIP Mortgage Trust ("CMT" or the "Trust") today announced that it has concluded the sale of $225 million of senior medium term notes (the "Notes").  The dealer syndicate for the sale was led by TD Securities and Scotiabank and included BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets and RBC Capital Markets. The Notes have a coupon of 3.967%, are rated AAA (sf) by DBRS Limited and have an expected final payment date of September 1, 2028. CMT will use the proceeds of thi

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03.03.25

Scam-Proof: Older Canadians Remain Sharp Against Rising AI Fraud Threats

Nearly 7 in 10 Canadians 55+ report being able to easily spot scams 77 per cent of Baby Boomers acknowledge the rapid advancement of AI technology and the continuous adaptation of scammers Ongoing education is critical to staying one step ahead of AI-enhanced scam strategies TORONTO – March 3, 2025 – A new survey from Ipsos and HomeEquity Bank, provider of the CHIP Reverse Mortgage, reveals Baby Boomers are more adept at detecting AI-driven scams than previously thought. The study highlights that nearly 7 in

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02.27.25

“By Canadian” Book Club throws the book at U.S. tariff threats

HomeEquity Bank throws its CHIPs in on “Buy Canadian” movement: offers free books to customers written by notable Canadian authors CHIP Reverse Mortgage clients are invited to muzzle tariff uncertainty with a relaxing read TORONTO – February 27, 2025 – On February 27th, HomeEquity Bank, provider of the CHIP Reverse Mortgage, launched a By Canadian Book Club, offering its customers free books from a curated collection of Canadian authors including Peter Mansbridge. Created as an answer to the growing desire

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02.19.25

HomeEquity Bank joins the National Institute on Ageing’s First Pension Centre of Excellence

NIA launches new centre to drive innovation in retirement income security Toronto, ON (February 19, 2025) – HomeEquity Bank is proud to join the National Institute on Ageing’s (NIA) Pension Centre of Excellence (PCE) as an inaugural member. HomeEquity Bank is committed to supporting Canadians age 55 and better in addressing gaps in Canada’s retirement income system. Joining the PCE is an opportunity to work with partners across the industry in a world-class, non-partisan, research-informed, and action-orienta

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02.18.25

Introducing HomeBridge: Helping Canadians Establish a Living Legacy Through Home Equity

HomeEquity Bank launches HomeBridge as a new digital solution designed to help Canadians 55+ leverage their home equity to gift their family Toronto, ON (February 18, 2025) – HomeEquity Bank is proud to introduce HomeBridge, a dedicated digital solution for Canadians seeking to establish a living legacy through their home equity. As a digital platform within HomeEquity Bank, provider of the CHIP Reverse Mortgage, HomeBridge facilitates a modernized approach to wealth transfer. Between 2023 and 2026, an estimated on

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