HomEquity responds to broker compensation concerns
A move by HomEquity Bank to lower the eligibility age for its reverse mortgages to 55 is set to increase broker originations by as much as 10 per cent, company president Steven Ranson told MortgageBrokerNews.ca, at the same time expressing confidence in the company’s current compensation structure for brokers.
Reverse mortgage lender looking to grow broker referrals
The corporate parent of HomeEquity Bank – Canada’s main underwriter of reverse mortgages revealed first quarter results marked by double-digit portfolio growth and a more-modest boost in originations.
Winners announced at 2011 Canadian Mortgage Awards
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
Growing reverse mortgages as part of your business
CMP magazine continues its series exploring a variety of niche markets and how mortgage professionals can work within these areas to increase their business. This month we focus on reverse mortgages
CHIP applies for chartered bank status
The Canadian Home Income Plan Corporation (CHIP) - the operating subsidiary of Home Equity Income Trust - has applied to the federal government for chartered bank status, with the goal to be operating as HomEquity Bank by the third quarter of 2009.