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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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09.15.16

HomeEquity Bank Listed on the 2016 PROFIT 500

TORONTO, Sept. 15, 2016 /CNW/ - Canadian Business and PROFIT today placed HomeEquity Bank on the 28th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, the only national provider of reverse mortgages in Canada, placed 475 on the 2016 PROFIT 500 list, thanks to a five-year revenue growth of 80%. The company's total revenu

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07.06.16

Yvonne Ziomecki named one of CMP Magazine’s Women of Influence

TORONTO, July 6, 2016 – HomeEquity Bank is pleased to announce that Yvonne Ziomecki, SVP, Marketing & Sales is named one of Canadian Mortgage Professional (CMP) Magazine’s Women of Influence. In the issue out on stands now, Yvonne credits the power of a strong network and support system as her secret to consistent results and her coveted work-life balance. “Balancing work with personal life, especially the needs of my children and finding time for myself, it’s not always easy. Having a strong network is key.

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09.10.20

HomeEquity Bank launches short-term reverse mortgage product with CHIP Open

CHIP Open is a short-term loan of one to three years on a variable term only Customers can convert CHIP Open to the CHIP Reverse Mortgage if a long-term loan is more appropriate to suit their financial needs Customers can repay 100 per cent of the balance at any time with no prepayment charges (full payments only, no partial payments) TORONTO, Sept.10, 2020 – HomeEquity Bank announced today it is introducing CHIP Open, a new financial option for Canadians 55+ looking to tap into their home’s equity. This sho

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Catch The Scam
08.26.20

HomeEquity Bank launches ‘Catch the Scam’ campaign with Frank W. Abagnale, the world’s most famous con man and imposter

Frank W. Abagnale, the fraudster-turned-FBI adviser whose bestselling book about his life Catch Me If You Can inspired the blockbuster film, is teaching older Canadians how to spot a scam in a four-part video seriesThe campaign is backed by the Bank’s Ipsos-commissioned survey that finds 91% of Canadians 55+ believe they are more vulnerable to scamsSince the onset of the COVID-19 pandemic, 70% of the general public say there has been an increase in coronavirus-related scamsOne in three Canadians 55+ say they’ve fallen

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04.27.20

HomeEquity Bank Launches Campaign Highlighting How More Than Ever, Home is Everything

HomeEquity Bank launches Our homes are everything campaign Campaign complements Operation Warm Hug initiative that checks in on vulnerable Canadians at home Meaningful donations made to the Canadian Red Cross, YMCA of Greater Toronto and various charities across the country supported by employees Digital education and entertainment programs for self-isolating Canadians to launch shortly TORONTO, Apr. 27, 2020 -- HomeEquity Bank, provider of the CHIP Reverse Mortgage, today announced the launch of its new media ca

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01.14.20

HomeEquity Bank Marks Record Year in New Reverse Mortgage Originations in 2019

HomeEquity Bank originated $820 million in new reverse mortgages in 2019Expects another strong year in 2020 as interest and demand continue to grow TORONTO, Jan. 14, 2020 /CNW/ - HomeEquity Bank, provider of the CHIP Reverse Mortgage™, announced today that it originated $820 million in new reverse mortgages in 2019, marking a record year for the company and reinforcing the unique value proposition that reverse mortgages offer to Canadians seeking to enjoy a comfortable and financially secure retirement.

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12.18.19

HomeEquity Bank Announces Sale of Reverse Mortgage Portfolio Loans

First portfolio sale for HomeEquity Bank, first time reverse mortgage loan portfolio sold in Canada Sale creates opportunity for other sales, new funding source for growth, enhances profitability Toronto, December 18, 2019 – HomeEquity Bank today announced that it has sold about $75 million of reverse mortgages to another Schedule 1 Canadian bank. This is the first-ever sale of reverse mortgages by HomeEquity Bank and the first such transaction in Canada involving reverse mortgages. “This transformative deal paves

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