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
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.
November 5, 2009
HOMEQ Corporation [TSX: HEQ (HOMEQ or the Company)], today announced its financial results for the quarter ended September 30, 2009.
November 3, 2009
HOMEQ Corporation [TSX: HEQ (HOMEQ or Company)], today announced that it will hold a conference call to discuss its third quarter financial results on November 6, 2009 at 9:00 a.m. (Eastern). The news release announcing the results will be distributed after 4:00 p.m. on November 5, 2009.
October 23, 2009
HOMEQ Corporation (TSX: HEQ) ("HOMEQ") today announced that its subsidiary, HomEquity Bank, has concluded the sale of CDN$10,000,000 Subordinated Medium Term Notes (the "Notes") due October 31, 2014.
October 20, 2009
HOMEQ Corporation today announced that its subsidiary, CHIP Mortgage Trust ("CMT"), has arranged the sale of $150,000,000 of senior notes (the "Notes").
October 14, 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. The dividend is payable to shareholders of record at the close of business on October 23, 2009 and will be paid on October 28, 2009.