posted Reliant Aims to Become a Significant Player in the Canadian Sub-Prime Mortgage Market Utilizing Mortgage Job Loss Protection Monday March 5, 8:31 am ET
TORONTO, March 5 /CNW/ - Reliant Home Warranty Corporation (OTCBB:RHWC - News) Boyd Soussana, President & CEO announced today Reliant's Canadian subsidiary, Reliant Home Mortgage Canada Inc., long-term goal to become a significant player in the Canadian Sub-Prime Mortgage Market. The company plans on achieving success through leveraging partnerships and taking advantage of opportunities throughout the marketplace. Reliant recently announced it would begin accepting mortgage applications starting March 1, 2007.
One opportunity was recently reported in the February 19th, 2007 edition of the National Mortgage News in an article titled, "Canada: BoM Cuts Brokers, Startup Courts Them With 55-Year Am." The article highlighted Bank of Montreal's decision to cut up to 1,000 jobs and to move toward "direct-to-consumer" lending.
"We feel the decision by Bank of Montreal will help us greatly increase market share throughout Canada. The 55-Year Sub-Prime Amortization Product and Job-Loss Mortgage Protection is exactly the innovative solution the more than 1,000 brokers in our network have requested. In addition to this product we have created solutions such as automation to ease the loan process," noted Soussana.
Reliant has already started the process of originating mortgage applications from its Mortgage Partners, including one of Canada's largest Broker Networks.
Reliant was also the featured interview on the www.wallst.net on Friday, March 02 - where it was the most listened to and most rated interview of the day.
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 Alt A and sub-prime and will assist in retaining our over-all customer base.
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.
For further information
Reliant Home Warranty Corporation Steve Hamilton, SVP, 416-445-9500 or Investors Relations: Clipper Marketing, 858-452-5522 http://www.clippermarketing.com
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TODAY up 15%... whats the take on this Stock? Moving up Finally? Any Thoughts?
AmHaYs87
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I think this stock may finally reach $0.20 My hopes are high... and hoping it goes higher! Looks like it could happen! Check out the website... http://www.relianthwc.com/home.php
AmHaYs87
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Letter to Shareholders: Reliant Developing New Prime Products and Has Strong Mortgage Default Protection in Effect for Its Mortgages Print E-mail Enable live quotes RSS Digg it Del.icio.us
Last Update: 8:35 AM ET Mar 14, 2007
TORONTO, Mar 14, 2007 (BUSINESS WIRE) -- Reliant Home Warranty Corporation (RHWC RHWC News , chart , profile , more
Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ) , Steve Hamilton, SVP Reliant, announced today that Reliant's Canadian subsidiary, Reliant Home Mortgage Canada Inc., is in discussions with several MIG insurance providers to provide a line of Mortgage Indemnity Insurance for prime mortgage clients, this will supplement Reliant's sub-prime mortgage business. Two proposed agreements with terms have been received and will be considered by management. This will allow Reliant to service both the prime and sub-prime mortgage business segments in the Canadian market place and gives Reliant a unique position in the Canadian market as one of the very few companies in Canada to service both segments with a fully insured mortgage program. Steve Hamilton stated, "Reliant's Mortgage Job Loss Program complements the default insurance and allows a unique solution for clients to avoid a default over a period of time while at the same time allows a mortgage to stay out of default. All Reliant mortgages will be fixed rate which avoids the problematic variable rate used commonly by several sub-prime lenders." 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. SOURCE: Reliant Home Warranty Corporation
AmHaYs87
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Volume is Incredibly LOW... but its going UP and UP today... and the last few days! I hear $0.20 and HIGHER coming!!!! Who is along for the ride!?
AmHaYs87
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Is ANYONE in on this Stock?! I think it could reach $0.20 by next week! Who is with me?
AmHaYs87
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UP... 7.5% TODAY! Breaking $0.20 this month... I just know it!
AmHaYs87
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Heading for $0.18 Today! Watch it... finally it may be on the move!
AmHaYs87
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UP 14% today!
mad tony
posted Reliant Launch a Success Thursday April 5, 8:30 am ET
TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC - News), Steven Hamilton, Sr VP announced today, after considerable refinement, Reliant's Canadian subsidiary, Reliant Home Mortgage Canada Inc., will close the funding of its first pool of mortgages on April 16, 2007.
Recently Reliant was featured on "Edge News" www.orea.com/eedge. This has resulted in Reliant receiving significant Mortgage Broker applications over the last week. Based on this success, the company is actively looking to solicit additional industry veterans to help deliver the Reliant product message to the market.
"While a long time in coming, this industry response validates our own confidence in the products we are marketing. It ensures Reliant's capture of its significant portion of the Canadian Sub-Prime Mortgage Business and our desire to reach profitability in the 3rd quarter," stated Mr. Hamilton.
AmHaYs87
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Whats up with this stock... will it ever reach $0.30?
AmHaYs87
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Sr. Vice President of Reliant Home Warranty Addresses the Mortgage Industry in *** Interview Print E-mail Enable live quotes RSS Digg it Del.icio.us
Last Update: 9:31 AM ET Apr 18, 2007
TORONTO, Apr 18, 2007 (MARKET WIRE via COMTEX) -- Steve Hamilton, senior vice president of Reliant Home Warranty Corp. (RHWC RHWC News , chart , profile , more
Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ) , will join Market News First for a live audio interview Wednesday, April 18, 2007, at 12:45 p.m. CDT. Reliant Home Warranty, coupled with its subsidiaries, carries on a mortgage banking business in Canada that originates, finances, securitizes, services and markets non-prime mortgages in residential real estate. Reliant originates loans both through independent brokers and a direct sales force. Reliant's wholesale channel will also originate non-prime mortgages through relationships with local financial institutions and businesses that restrict their activities to brokering mortgage loans. During the interview Hamilton will talk about the mortgage industry, Reliant Home Warranty's position in the market and the Company's latest news and investment opportunities. Hamilton will also discuss the Company's closing of its first pool of mortgages earlier this week and its intention and strategy to distribute Reliant Mortgage Pools to the market. Get a heads up on mortgage solutions with Reliant Home Warranty by visiting www.***.com Wednesday, April 18, 2007. 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. About Reliant Home Mortgage Canada Inc. For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com. About ***.com Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE. Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans. Market News First Angela Junell 214-461-3411 ajunell****.com SOURCE: Reliant Home Warranty Corp.
AmHaYs87
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Up over 8% today!
AmHaYs87
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Down 12% midday... for a close over 7% to finish! Whats going on? Good for Me I guess!
mad tony
posted Reliant Signs on with Filogix Tuesday April 24, 8:35 am ET
TORONTO, April 24 /CNW/ - Reliant Home Warranty Corporation (OTCBB:RHWC - News), Boyd Soussana, President & CEO announced today that Reliant, through its Canadian subsidiary, Reliant Home Mortgage Canada Inc., has executed a comprehensive operating agreement with Filogix related to its acceptance/processing of mortgage applications. The relationship will complement Reliant's current infrastructure. Reliant will be added to Filogix's roster of institutional lenders thereby increasing its accessibility to over 9,500 originators across Canada.
"We view this as a significant addition to Reliant's current sales channel. This will enable Reliant to stand out from the crowd as a recognized factor in the subprime mortgage market place (with its new and innovative products)," stated Mr. Soussana.
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.
Filogix Limited Partnership is Canada's leading technology provider to the mortgage and real estate industries. Filogix products and services are used by financial institutions, private lenders, mortgage brokers and real estate professionals to facilitate, organize, process and streamline transactions, making it a more cost-effective, organized and productive process. The Filogix network connects more than 12,500 Realtors(R), 9,500 mortgage originators, 77 lender options including all major banks, credit bureaus, mortgage insurers, creditor insurance companies, document management servicing and countless business portals so they may interact and conduct business transactions.
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. For further information
Reliant Home Warranty Corporation Investor Contact Steve Hamilton, VP, 416-445-9500 shamilton*relianthomemortgage.com or Investor Relations Clipper Marketing, 858-452-5522 http://www.clippermarketing.com or Filogix Andrew Wagar, Communications Specialist 416-360-1777, ext. 3213 andrew.wagar*filogix.com
AmHaYs87
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HUGE BUY up 30% already... Going to reach $.90 from the standing $.12!!!
Huge Gains!
AmHaYs87
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Reliant Financial Service Corporation Rated 'Speculative Buy,' Target Price $0.90 by Beacon Equity Research
Last Update: 8:01 AM ET May 29, 2007
DALLAS, May 29, 2007 (BUSINESS WIRE) -- Reliant Financial Service Corporation (RHWC : reliant home warranty corp com News , chart , profile , more Last: 0.12+0.03+27.78% 11:38am 05/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: RHWC0.12, +0.03, +27.8% ) 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 (LEND : accredited home lendrs hldg com News , chart , profile , more Last: 14.75+0.18+1.23% 11:49am 05/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: LEND14.75, +0.18, +1.2% ) , MortgageBrokers.com (MBKR : mortgagebrokers com hldgs in com News , chart , profile , more Last: 0.55+0.03+5.77% 11:48am 05/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: MBKR0.55, +0.03, +5.8% ) , Countrywide Financial (CFC : Countrywide Financial Corp News , chart , profile , more Last: 39.45-0.03-0.08% 11:44am 05/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: CFC39.45, -0.03, -0.1% ) , and Amro Holdings (ABN : abn amro hldg nv sponsored adr News , chart , profile , more Last: 48.20-0.07-0.15% 11:44am 05/29/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ABN48.20, -0.07, -0.2% ) . 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.