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.
Financial Reports
2011 Third Quarter Webcast Summary
2011 Third Quarter Financial Statements
2011 Third Quarter Management Discussion & Analysis
2011 Second Quarter Webcast Summary
2011 Second Quarter Financial Statements
2011 Second Quarter Management Discussion & Analysis
2011 First Quarter Webcast Summary
2010 Annual Results Webcast Summary
2010 Third Quarter Webcast Summary
Press Releases
January 9, 2012
HOMEQ Corporation ("HOMEQ") today announced that in the fourth quarter of 2011 its subsidiary, HomEquity Bank, originated a record volume of reverse mortgages of $67.2 million - an increase of 42% over the fourth quarter of 2010. On an annual basis, originations in 2011 were $239 million, up 16% over the record setting 2010. As at December 31, 2011, HomEquity Bank's portfolio of reverse mortgages of $1.2 billion was 17% higher than at December 31, 2010.
December 8, 2011
HOMEQ Corporation [TSX: HEQ], announced today that on December 2, 2011 Gary Samuel was appointed non-executive Chair of the Board replacing Pierre Lebel who has served as Chair of HOMEQ and its predecessor Home Equity Income Trust since 2002.
November 16, 2011
HOMEQ Corporation (TSX: HEQ) ("HOMEQ") today announced that it has completed an amendment to an existing loan agreement with a Canadian chartered bank which extends the maturity date of a $10,000,000 bank term loan to November 15, 2016, from May 31, 2016. There was no change to the coupon of 8.21%.
November 10, 2011
Pierre Lebel, Chairman of the Board of HOMEQ Corporation is pleased to announce the appointment of Charlene Valiquette, CA, MBA and the Hon. Stockwell Day, PC to the Board of Directors.
November 9, 2011
HOMEQ Corporation [TSX: HEQ ("HOMEQ")], announced that on November 4, 2011 its Board of Directors declared a quarterly dividend of $0.07 per share on the outstanding common shares of the company. The dividend is payable on January 13, 2012 to shareholders of record at the close of business on December 29, 2011.
November 4, 2011
HOMEQ Corporation [TSX: HEQ ("HOMEQ")], today announced its financial results for the period ended September 30, 2011.
2011 Third Quarter Results Compared to 2010:
- Adjusted net income increased 36% to $0.15 per share from $0.11 per share;
- Mortgage portfolio of $1.1 billion increased 16% from September 30, 2010;
- Originations grew by 5% to $54.5 million in the quarter;
- Net income of $0.12 per share increased from $0.04 per share.