January 13th, 2010
Reverse Mortgage Volume in Canada Sees Big Boost from Lower Rates
Canada saw fourth quarter origination of reverse mortgage jump to $43 million, according to the HOMEQ Corporation.
HomEquityBank, a subsidiary of HOMEQ Corporation, saw 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.
“Our ability to access cost-effective and [...]