Considering the growth of the reverse mortgage market, worries are building that too many elderly home owners are being tricked into these real estate transactions. A report published by Consumers Union recently is recommending tighter controls for this part of the mortgage and loan industry. “Reverse mortgages are a very risky deal for borrowers who [...]

HOMEQ Corporation, via its subsidiary HomEquity Bank, recently celebrated its 25th anniversary in the reverse mortgage industry. HomEquity is the primary lender of reverse mortgages in Canada and is also celebrating its first year as a Schedule I bank in Canada. To acknowledge these achievements, HOMEQ will open trading on the Toronto Stock Exchange. “Throughout [...]