Equitable bank reverse mortgage

EQB sees impaired loans double in Q2, but expects improvement ahead

June 3, 2024 No Comments

Alternative mortgage lender EQB saw a rise in gross impaired loans in the second quarter compared to a year ago, but highlighted recent improvements and expects losses to stabilize going forward.

Mortgage delinquencies on the rise, says Equifax Canada

Equitable Bank’s mortgage arrears rate triples amid surge in renewals

March 11, 2024 No Comments

Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates.

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

February 24, 2023 No Comments

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.

Reverse mortgages are booming amid Canada’s turbulent rate environment

January 30, 2023 No Comments

High rates haven’t stopped Canadians from tapping their home equity by way of reverse mortgages.

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Equitable bank reverse mortgage

EQB sees impaired loans double in Q2, but expects improvement ahead

Equitable Bank’s mortgage arrears rate triples amid surge in renewals

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

Reverse mortgages are booming amid Canada’s turbulent rate environment

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