Welcome To HOMEQ Corporation
HOMEQ Corporation, through its wholly-owned subsidiary, HomEquity Bank originates and administers Canada’s largest portfolio of reverse mortgages under the CHIP Home Income Plan label.
Press Releases
March 4, 2010
HOMEQ Corporation [TSX: HEQ (“HOMEQ”)], today announced its financial results for the year ended December 31, 2009. HOMEQ also announced the declaration of a quarterly dividend of $0.07 per share.
2009 Annual Results Compared to 2008:
- The mortgage portfolio grew by 6% to $866 million;
- Originations fell by 15% to $110 million;
- Net loss of $0.13 per share fell from net income of $2.10 per share;
- Adjusted net income increased 30% to $0.52 per share.
2009 Fourth Quarter Results Compared to 2008:
- Originations grew by 77% to $43 million;
- Net income of $0.02 per share fell from net income of $1.12 per share;
- Adjusted net income increased 23% to $0.13 per share.
March 1, 2010
HOMEQ Corporation [TSX: HEQ (HOMEQ or Company)], today announced that it will hold a conference call to discuss its fourth quarter financial results on March 5, 2010 at 9:00 a.m. (Eastern). The results will be made available on the Company’s website after 4:00 p.m. on March 4, 2010.
January 6, 2010
HOMEQ Corporation (“HOMEQ”) today announced that its subsidiary, HomEquity Bank, reported record originations of reverse mortgages of $43 million in the fourth quarter of 2009. This represents an increase of 77% over the same period last year and an increase of 11% over the previous record set in the second quarter of 2008. As at December 31, 2009 the reverse mortgage portfolio of $865 million was $52 million or 6% higher than as at December 31, 2008.
December 4, 2009
The Board of Directors of HOMEQ Corporation (TSX: HEQ) ("HOMEQ") has approved the payment of a quarterly dividend of $0.07 per share on the outstanding Common Shares of the company, which is equivalent to an annual dividend of $0.28 per share.
November 9, 2009
HOMEQ Corporation [TSX: HEQ (HOMEQ or the Company)], today announced that its subsidiary HomEquity Bank has significantly reduced its rates on CHIP Home Income Plans. More information is available at www.homequitybank.ca.