HomeEquity Bank Reports Record Annual Originations
TORONTO, Jan. 13, 2015 /CNW/ - HomeEquity Bank announced today its 2014 originations grew by 23% YOY and reached $309MM. As of Dec. 31, 2014, the HomeEquity Bank portfolio of reverse mortgages has surpassed $1.7 billion. The strong YOY growth can be attributed to an increase in direct inquiries from consumers as well as continued growth through referral partners including banks and mortgage brokers. "With the current demographic trends and extended life expectancy we project reverse mortgage originations to grow at 25
Continue Reading...HomeEquity Bank Helps Seniors Create Tax Efficient Cash Flow
TORONTO, Feb. 10, 2014 - HomeEquity Bank, announced the launch of its newest and most innovative product offering for senior homeowners, HomeEquity Bank Income Advantage. With the Income Advantage, senior homeowners can access equity in their home through 2 separate accounts. The first account is set up for monthly advances and carries a low interest rate of Prime + 1.25%; the second account is set up for lump sum advances and carries a competitive 5 year rate. "This product was developed based on customer feedback and cu
Continue Reading...HOMEQ Corporation Closes Arrangement with Birch Hill Equity Partners
Toronto, November 30, 2012 - HOMEQ Corporation (“HOMEQ”) (TSX: HEQ) announced today the closing of the previously announced arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) involving HOMEQ and Monaco Acquisition Inc., an entity controlled by Birch Hill Equity Partners (“Birch Hill”). Under the Arrangement, Birch Hill has indirectly acquired all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per common share. It is expected that the HOMEQ shares will be delis
Continue Reading...HomeEquity Bank named one of best workplaces in Canada
Toronto, ON – April 19th, 2012 - HomeEquity Bank, a subsidiary of HOMEQ Corporation, announced today that it is being recognized as one of this year’s Best Workplaces in Canada. The list of leading Canadian employers will appear in a special national report on Thursday April 19th, 2012. “We are very excited about being recognized as one of the Canadian leaders in employee satisfaction and organizational culture,” said Steven Ranson, President and CEO, HomeEquity Bank. “At HomeEquity Bank, we believe our people a
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Canadians Over 75: Financially Stable, Well-Connected and Ready for More, But Folks in their 50s not so sure
TORONTO, ON (October 1, 2024) – A new survey commissioned by HomeEquity Bank reveals Canadian homeowners aged 75 and older are outshining their younger counterparts on key happiness markers, offering an insightful guide for younger generations entering a new life stage. According to the survey, 95 per cent of Canadians 75 and older are very satisfied or somewhat satisfied with their lives, compared to just 79 per cent of Canadians in their 50s. "Our purpose is to empower Canadian homeowners 55+ to have the freedom to
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The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Fourth Time
Toronto, ON, September 27, 2024 – 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 fourth time. Assessed on three-year revenue growth, HomeEquity Bank earned its spot after reporting over $1 billion in reverse mortgage originations for the third consecutive year. The value of the Bank’s total reverse mortgage portfolio under management stood at $7.4 billion as of December 2023, further cem
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New HomeEquity Bank CEO to Continue Customer-Centric Growth
Industry veteran Katherine Dudtschak becomes President and CEO TORONTO, July 2, 2024 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to welcome Katherine Dudtschak as its new CEO. Ms. Dudtschak joined the Bank as President on May 1 following the announcement that former President and CEO Steven Ranson planned to retire at the end of June. As President and CEO, Ms. Dudtschak has officially assumed leadership of the federally regulated Schedule 1 Bank, overseeing its strategic vision for customer
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“It’s a Bittersweet Symphony” for the Sandwich Generation: New Ipsos survey exposes the struggles and sacrifices of aging in place.
Sandwich Generation balances the impact of parents aging in place with their own career progression and financial future Professional financial planning and Personal Support Workers seen as key to Canadians staying in the homes they love HomeEquity Bank names 2024 Home Care Heroes Award winners, recognizing the importance of exceptional caregivers for Personal Support Worker Day on May 19 TORONTO, May 14, 2024 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, worked with Ipsos on new research t
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HomeEquity Bank President and CEO Steven Ranson to retire June 30, 2024, after 27 successful years leading the bank
Industry veteran Katherine (Katie) Dudtschak appointed HomeEquity Bank’s next President and CEO TORONTO, April 9, 2024 — HomeEquity Bank announced today that Steven Ranson will be retiring as President and CEO after a remarkable 27-year career building the reverse mortgage industry in Canada and establishing HomeEquity Bank as the market leader. HomeEquity Bank’s Board of Directors has appointed Katherine (Katie) Dudtschak as the bank’s next President and CEO. During Mr. Ranson’s leadership
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