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RHWC Receives $250 Million CAD Engagement!! - 500 Beiträge pro Seite

eröffnet am 04.10.06 22:30:15 von
neuester Beitrag 14.06.07 11:11:06 von

ISIN: US75954D1090 | WKN: A0MU02 | Symbol: RFNS
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04.10.06 22:30:15
Beitrag Nr. 1 ()
Shares 86 mill.
mkt.12 mill.(laut otcbb.com)

Hier die News!

Reliant Receives $250 Million CAD Engagement Letter
Wednesday October 4, 8:15 am ET

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News) President & CEO Boyd Soussana announced today Reliant, through its Canadian subsidiary Reliant Home Mortgage Canada Inc., has received an engagement letter from a Canadian Financial Services company, who will assist us in securing an ongoing $250 Million CAD mortgage warehouse and securitization commercial paper program.

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"We see an obvious need for a warehouse line of this magnitude as it reflects our expanding business and it enables us to become a much more competitive player within the mortgage market. The board will review this engagement to ensure it meets our requirements prior to execution," stated Mr. Soussana.

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant securitizes its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits.

For more information on Reliant programs visit the Web site at http://www.relianthwc.com.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
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09.10.06 18:02:27
Beitrag Nr. 2 ()
steigt gemütlich vor sich hin!
gut so
:)
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13.10.06 08:38:38
Beitrag Nr. 3 ()
wieder ein schönes Plus gestern!
:)
Reliant Home Warranty Corp. Announces Issuance of October Letter to Shareholders
Tuesday October 10, 11:32 am ET

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corp. (OTCBB:RHWC - News):

Dear Shareholders,

Through September, we have received requests for over $25 Million CAD
in mortgage funding and have entered them into the SMART system. Total
requests approved or submitted for client approval exceed $8 Million
CAD and this extraordinary market acceptance has come from only a
small percentage of brokers as part of a pilot program.

On October 21st we will have completed our pilot/beta program for
selected Centum mortgage brokers. By the 21st we will have completed
an evaluation period and focus group meetings with these same brokers
in order to determine where we met their expectations or where we need
improvement, be it underwriting, pricing or product structure. It is
imperative that we go through this process first before our full
launch. We intend to achieve all stated goals.

You should know that management has invested over $1 Million CAD in
support of the working capital base of Reliant since the pilot
commenced. We are committed to making Reliant a significant part of
the Canadian mortgage industry. We appreciate your support as we move
through this important implementation phase.

Finally, we will in a timely manner continue to update stakeholders on
developments regarding our mortgage, insurance and SMART system
license. We feel that the upcoming period in Reliant's journey will be
both bright and prosperous.

Very Truly Yours,

Boyd Soussana

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant secures its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits.

For more information on Reliant programs visit the Web site at http://www.relianthwc.com.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
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25.10.06 15:27:44
Beitrag Nr. 4 ()
Press Release Source: Reliant Home Warranty Corporation

Reliant Executes $250 Million CAD Engagement Letter
Tuesday October 24, 4:05 pm ET

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News) President & CEO Boyd Soussana announced today Reliant, through its Canadian subsidiary Reliant Home Mortgage Canada Inc., has completed the review and execution of an agreement letter from a leading Canadian Financial Services organization securing an ongoing $250 Million CAD mortgage warehouse and securitization program.

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"This warehouse facility with its competitive funding structure will enable Reliant to compete with other major Canadian lenders," stated Mr. Soussana.

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant secures its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits.

About Reliant Home Mortgage Canada Inc.

For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com.

Forward-looking Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.


Contact:

Reliant Home Mortgage Canada Inc.
Investor Contact:
Steve Hamilton, 416-445-9500
shamilton@relianthomemortgage.com

Source: Reliant Home Warranty Corporation
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15.11.06 19:39:27
Beitrag Nr. 5 ()
Reliant Closing on Its First Mortgage
Wednesday November 15, 8:20 am ET

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News) Chief Underwriting Officer, Steve Hamilton today announced Reliant Home Mortgage Canada Inc., will be closing its first mortgages by the end of the week.

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The mortgages are from the block of mortgages brought to Reliant as part of its Beta Program by the Centum Financial Group network of mortgage brokers.

"We are thrilled to enter the revenue phase of our business. We have put forth a tremendous effort to ensure the success of the company and with this first step we will expand our network and continue to achieve goals we have set for ourselves. The closing of our first mortgages represents a significant milestone. It is a testament to the market's acceptance of our products. The valuable feedback we have received from our brokers enabled us to modify our products and have a greater impact on the marketplace," stated Mr. Hamilton.

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant securitizes its mortgages by accessing multiple sources of capital. Mortgages are then marketed to both institutions as well as securitized to individual investors through conventional securitization channels.

For more information on Reliant programs visit the Web site at http://www.relianthwc.com or http://www.relianthomemortgage.com.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
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21.11.06 21:36:58
Beitrag Nr. 6 ()
Reliant Projects $150 Million CAD in Loans Funded for First Quarter of Fiscal 2007
Monday November 20, 4:05 pm ET

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News) Sr. VP Underwriting Steve Hamilton announced today Reliant projects $150 Million CAD in Loans to be originated in the first quarter of 2007.

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Mr. Hamilton commented, "Our $250 Million CAD warehouse line is being finalized and we are excited to move forward and continue to develop Reliant as the Industry Innovator and Leader."

About Reliant Home Warranty Corporation

Reliant Home Warranty Corporation (www.relianthwc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit.

About Reliant Home Mortgage Canada Inc.

For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com.

Forward-Looking Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
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21.03.07 14:02:50
Beitrag Nr. 7 ()
Mortgage and Housing Market Going Strong North of the Border announces MortgageBrokers.com


Company predicts Canadian Refinance boom for 2007-2009

RICHMOND HILL, ON, March 19 /PRNewswire-FirstCall/ - As the U.S.
housing market falters, with the demise of Subprime lenders such as
Accredited home lenders and New Century Mortgage the latest figures show
all aspects of the Canadian market going strong with experts predicting a refinance boom.
Alex Haditaghi, CEO of MortgageBrokers.com says the housing market was "quick out of the gate this year," driven by many aspects including moderate interest rates, high employment, continued strong immigration to Canada and strong consumer confidence. We expect a very healthy 2007 for both the housing and Mortgage market.
Haditaghi's enthusiasm echoes reports released by Remax, CIMBL, and
Bank Of Nova Scotia. Adrienne Warren an economist for Bank of Nova Scotia called the Canadian market "the rabbit that just keeps on going and going."Although the market is likely to cool some by the end of the year, home resales set a record in January and housing starts hit a 29-month high with the assistance of mild weather, Warren said.
Prices remain great as well, Warren noted. "The trend in national new-and existing-home prices, while off the highs of last spring, is still averaging about 10 per cent year-over-year." The Canadian market is in a very different situation than the United States.
The U.S. is currently burdened with higher default rates as a direct effect of the amount of high-risk subprime loans. In Canada subprime loans make up 5 percent of outstanding mortgages compared to the 20 percent in the United States. At the present time Canadian Default rate is around 0.5%
The Canadian market has remained robust, with the highest number of
home sales in its history between 2001 and the present. The housing market has become stronger and more insulated as immigrants continue to flood into the country, ultimately buying homes and local economies continue to diversify.
Undoubtedly, the strong Canadian housing market will create a
resurgence of refinancing as well. With approximately 95% of Canadian mortgage terms at 5 years or less, there is sure to be a huge refinance opportunity created in Canada. As real estate continues to be a solid investment more borrowers will look at refinancing to get into better terms or to utilize their equity.
Additionally, up and coming companies such as MortgageBrokers.com with unique business models that are built for slower times could benefit from this turmoil in the market, Mr. Haditaghi said. Such opportunities could range from buying portfolios of assets, intellectual property rights, and picking up talent, he said.
About MortgageBrokers.com-
MortgageBrokers.com is a fast-growing mortgage brokerage and technology corporation dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America and offering these entities scalability through a centralized shared services platform.
MortgageBrokers.com allows these SME brokers to continue owning their own businesses while working under one recognizable brand. By taking advantage of centralized services such as payroll and accounting, compliance, marketing, technology, HR and lead generation our brokers are able to improve access to the customer through strategic alliance partnerships. We also create the opportunity to leverage our national teams origination with
lenders, establishing higher referral fees from lenders and, creating the ability to earn ownership in a publicly-traded entity for eventual career exit strategy.
For further information, contact:
MortgageBrokers.com Holdings, Inc.
Alex Haditaghi, CEO
905.764.1200
alex@mortgagebrokers.com

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=…
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08.05.07 14:17:33
Beitrag Nr. 8 ()
Reliant Now Fully Accessible under the Filogix System and an Increase in Mortgage Origination is Anticipated

Tuesday May 8, 8:00 am ET


TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News), Steve Hamilton, SVP Reliant, announced today Reliant's Canadian subsidiary, Reliant Home Mortgage Canada Inc., has completed its contract with Filogix Inc. and Reliant's mortgage products are fully accessible under the Filogix mortgage delivery system. When the system was activated May 4, 2007, the Filogix system had archived 109 mortgage applications that had been submitted for Reliant's underwriting for a total of $33,170,471.77 in mortgage applications submitted. The Filogix system will allow Reliant to be accessible to the bulk of Canadian mortgage brokers and should allow for an increase in the volume of mortgage applications under adjudication by Reliant's underwriting department.
Steve Hamilton stated, "Reliant's mortgage delivery platform and mortgage volumes submitted will help ensure Reliant stays on track and increase overall accessibility to the Canadian Mortgage Broker community as evidenced by the mortgages archived in the Filogix system."

About Reliant Home Warranty Corporation

Reliant Home Warranty Corporation (www.relianthwc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit. With the above announcement and enhancement, Reliant will be able to serve all segments of the mortgage market from prime, Alt A and sub-prime and will assist in retaining our over-all customer base. Reliant sells all mortgages to various financial sectors in the Canadian Market, once sold, no further obligation to Reliant exists.

About Reliant Home Mortgage Canada Inc.

For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com.

Forward-Looking Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.

Contact:
Reliant Home Warranty Corporation
Investor Contact
Steve Hamilton, SVP, 416-445-9500
or
Investor Relations
Clipper Marketing, 858-452-5522
http://www.clippermarketing.com

-----------------------------------------
Source: Reliant Home Warranty Corporation

http://biz.yahoo.com/bw/070508/20070508005566.html?.v=1&prin…
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29.05.07 15:26:16
Beitrag Nr. 9 ()
Antwort auf Beitrag Nr.: 29.211.727 von boom2 am 08.05.07 14:17:33Reliant Financial Service Corporation Rated 'Speculative Buy,' Target Price $0.90 by Beacon Equity Research
Tuesday May 29, 8:00 am ET


DALLAS--(BUSINESS WIRE)--Reliant Financial Service Corporation (OTCBB: RHWC - News) has been rated "Speculative Buy" with a target price of $0.90 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com

Anyone interested in receiving alerts regarding Reliant Financial Service Corp. research should email members@beaconequityresearch.com with "RHWC" in the subject line.

In the report, the analyst writes, "Reliant Financial Service Corp. is an emerging player in the Canadian home mortgage market. The Company provides end-to-end services related to mortgage lending to non-prime borrowers purchasing residential real estate."

The Company carries out its mortgage banking business through its subsidiaries. It has designed unique mortgage programs for its clients, providing the benefit of long-term amortization. The Company has developed its own in-house computerized residential mortgage documentation and processing systems for providing mortgage loans.

Other companies involved in home mortgage market include Accredited Home Lenders (NASDAQ: LEND - News), MortgageBrokers.com (OTCBB: MBKR - News), Countrywide Financial (NYSE: CFC - News), and Amro Holdings (NYSE: ABN - News).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Reliant Financial Service Corp. (RHWC). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated ninety thousand free trading shares from a non-controlling third party shareholder (Clipper Marketing) for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.



Contact:
Beacon Equity Research
Jeff Bishop, 469-252-3035
editor@beaconequityresearch.com
www.BeaconEquityResearch.com
or
Reliant Financial Service Corp
Steve Hamilton, 416-445-9500
---------------------------------------------
Source: Reliant Financial Service Corporation

http://biz.yahoo.com/bw/070529/20070529005390.html?.v=1&prin…
Avatar
14.06.07 11:11:06
Beitrag Nr. 10 ()
Reliant Name Change and CUSIP Change Completed

Wednesday June 13, 3:35 pm ET

TORONTO--(BUSINESS WIRE)--Steve Hamilton, SVP Reliant, announced today Reliant Financial Services Corporation's (OTCBB:RHWC - News) name and CUSIP change from Reliant Home Warranty Corporation has been completed and will be effective on June 14, 2007.
Name and Symbol Changes:

We have been notified by the NASDAQ officials our name change, CUSIP number and symbol changes have been accepted and we will trade under the new name of Reliant Financial Services Corporation with symbol RFNS effective June 14, 2007 opening of business.

Effects on Shareholders:

The new name and symbol will have no effect on the shares currently owned in your accounts. The name change will be automatic by your broker and you will own the same number of shares of RFNS as you owned of RHWC. Purchasers of our stock should attempt to purchase under the RFNS symbol.

Physical Certificates:

DO NOT order physical certificates from your broker until notified by the Company.

About Reliant Financial Services Corporation.

Formerly known as Reliant Home Warranty Corporation, Reliant Financial Services Corporation (www.reliantfsc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit. With the above announcement and enhancement, Reliant will be able to serve all segments of the mortgage market from prime, Alt A and sub-prime and will assist in retaining our over-all customer base. Reliant sells all mortgages to various financial sectors in the Canadian Market, once sold, no further obligation to Reliant exists.

About Reliant Home Mortgage Canada Inc.

For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com.

Forward-Looking Statement

http://biz.yahoo.com/bw/070613/20070613006014.html?.v=1&prin…


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RHWC Receives $250 Million CAD Engagement!!