HomeEquity Bank to be acquired by Ontario Teachers’. Learn more.
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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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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11.26.19

HomeEquity Bank Brings Home Gold from Canadian Marketing Association Awards

TORONTO, Nov. 26, 2019 /CNW/ - HomeEquity Bank announced today that its "There's No Retirement Like Home" campaign has won a Gold award for brand building in the financial category at this year's Canadian Marketing Association Awards. HomeEquity Bank created the multiple-award-winning campaign in partnership with the creative team at Zulu Alpha Kilo, the bank's advertising agency of record. "We're honoured to have won such a prestigious award and would like to thank our creative partners at Zulu Alpha Kilo. Their di

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10.29.19

HomeEquity Bank helps bring 2019 Poppy Campaign into the Digital Age

Canadians can personalize, dedicate and share a Digital Poppy online Campaign features one of Canada’s most senior living Veterans and a digital moment of silence on the Twitch streaming platform MyPoppy.ca site is live and accepting donations TORONTO, Oct. 29, 2019 -- As the official Presenting Partner of the 2019 Royal Canadian Legion Digital Poppy Campaign, CHIP Reverse Mortgage by HomeEquity Bank is honoured to help give Canadians another way to donate, and at the same time, share our Veterans’ stories of bravery

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09.27.19

The Globe and Mail Names HomeEquity Bank in the Ranking of Canada’s Top Growing Companies

TORONTO, Sept 27, 2019 - HomeEquity Bank is pleased to announce it has been recognised in the inaugural Report on Business ranking of Canada’s Top Growing Companies. Assessed on three-year revenue growth, HomeEquity Bank earned its spot in the ranking with three-year growth of 85%. “It is an honour to be recognized for the success that has resulted from the dedication and commitment of the entire HomeEquity Bank team. Ranking in Canada’s Top Growing Companies compliments our vision of hard work and focus to achie

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