10:03 AM EST - Equitable Bank : Announced the launch of a new reverse mortgage closing process. The result is a far more efficient process that maintains the integrity clients expect, but at a fraction of the cost and time. Borrowers will no longer need to retain two lawyers to close an Equitable Bank Reverse Mortgage. In this new process, clients in Alberta, British Columbia and Ontario can have Equitable Bank work directly with their independent lawyer to verify identification, register and fund the mortgage. Equitable Bank
shares T.EQB are trading down $0.42 at $112.58.
