01.20.15

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

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02.10.14

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

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11.30.12

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

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04.19.12

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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05.17.21

Nearly 80% of Canadians 55+ say registered savings and pension plans leave them short-changed for retirement

HomeEquity Bank-commissioned Ipsos survey finds 45% of Canadians 55+ believe accessing the equity in their homes should be part of retirement planning. 28% of Canadians 55+ would consider using their home’s equity to help fund retirement. New national advertising campaign drives home the message that older Canadians don’t want to downsize, despite 76% of them saying their demographic sometimes feels pressured to sell. May 17, 2021 (TORONTO, ON) – A large majority of Canadians 55 and up say government-run r

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03.10.21

Six-in-10 Canadians 55+ Can’t Fully Cover the Costs of In-Home Care

HomeEquity Bank-commissioned Ipsos survey finds 88% of Canadians 55+ can’t fully pay for in-home care for their aging parents. Almost half of Canadians 55+ are now considering in-home care because of the pandemic. New book Home Run: The Reverse Mortgage Advantage outlines the product’s many benefits as study finds 75% of Canadians 55+ are concerned about their financial well-being. March 10, 2021 (TORONTO, ON) — Over 20% of Canadians 55 and up are considering tapping into their home’s equity to pay for

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11.12.20

HomeEquity Bank Completes 2020 Reverse Mortgage Loan Sale Program, with $100 Million Sold to Concentra Bank

Program highlights HomeEquity Bank's ability to find attractive liquidity sources to support growth TORONTO, Nov. 12, 2020 /CNW/ - HomeEquity Bank today announced that it has sold about $100 million of reverse mortgages to Concentra Bank. This is only the second time that HomeEquity Bank has completed its annual program for sale of reverse mortgages to another financial institution, highlighting the company's consistent leadership in Canada's reverse mortgage sector. "The success of this program speaks to ou

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10.29.20

HomeEquity Bank Rallies Canadians with Virtual Call to Arms to Support the Digital Poppy

The Digital Poppy, part of the Royal Canadian Legion’s National Poppy Campaign, is more important than ever as the pandemic takes its toll Pause to Remember campaign enables veterans to band together and stand shoulder-to-shoulder and share their stories of heroism on the virtual battle field with other players One of Canada’s oldest veteran influencers returns to support the Digital Poppy initiative TORONTO, Oct. 29, 2020 ­– As the proud Presenting Partner of the 2020 Royal Canadian Legion’s Digital Po

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10.15.20

HomeEquity Bank Recognized as One of Canada’s Fastest-Growing Companies for Fifth Consecutive Year

TORONTO, Oct. 15, 2020 – HomeEquity Bank, provider of the CHIP Reverse Mortgage announced today it has been named to the Growth List ranking of Canada’s Fastest-Growing Companies. “HomeEquity Bank is humbled to be a part of this distinguished Growth List, especially in an unprecedented year that has seen so many Canadians businesses impacted by this pandemic,” said Steven Ranson, HomeEquity Bank’s President and CEO. “We’re very fortunate to be in the position we’re in, and it’s all thanks to the hard wor

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