Reverse mortgage marketplace heats up (Investment Executive)
With the arrival of a New Zealand-based company in Canada, the marketplace for reverse mortgages has become considerably more crowded. Mississagua, Ont.-based Seniors Money Ltd.

Lender Lead Solutions First to Announce HECM Reverse Mortgage Based on the LIBOR Index (Business Wire via Yahoo! Finance)
MELVILLE, N.Y.----Lender Lead Solutions, a comprehensive reverse mortgage services company, announced the introduction of a Home Equity Conversion Mortgage based on the London Interbank Offered Rate index.

Home Equity Income Trust Announces Record Quarterly Originations For Q3 2007 (CNW Group via Yahoo! Finance)
Home Equity Income Trust , which pays cash distributions earned from a portfolio of reverse mortgages originated by Canadian Home Income Plan today announced record quarterly new mortgage originations for the three months ended September 30, 2007.

Home Equity Income Trust Subsidiary Issues Medium Term Notes (CNW Group via Yahoo! Finance)
Home Equity Income Trust today announced that its subsidiary, CHIP Mortgage Trust , has arranged the sale of $150,000,000 of senior medium term notes and $20,000,000 of subordinated medium term notes .

Should you tap into your home equity? (MSN Money Canada)
Like many older Canadians, paying off your mortgage during your working life has been a big priority. But now, even though the mortgage may be gone, escalating energy costs and increasing property taxes are eating up much of the cash you'd hoped to use for enjoying the good life.