quarterly earnings Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

First National sees Q2 drop in single-family originations, but mortgage portfolio expands

August 12, 2024 1 Comment

Despite a drop in single-family mortgage originations, First National’s commercial lending and overall mortgage portfolio showed robust growth in Q2.

BMO reports increased delinquencies, predicts prolonged high interest rates

May 30, 2024 No Comments

BMO reported a rise in delinquencies in the second quarter and said it expects credit challenges to persist with interest rates now likely to remain

TD Bank sees mortgage volumes rise 7% in Q2, gains market share

May 24, 2024 No Comments

Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter.

Banks to report second-quarter results as credit concerns persist

May 22, 2024 No Comments

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

TD saw a drop in negatively amortizing mortgages in the fourth quarter

December 10, 2023 No Comments

TD Bank said “positive payment actions” taken by its mortgage clients have reduced the number of mortgages that currently have a negative amortization.

RBC bracing for renewal impact: three quarters of its mortgages to see higher rates by 2026

December 2, 2023 No Comments

Despite interest rates having been elevated for over a year, Canada’s largest bank said the bulk of the impact is yet to be felt with nearly three quarters of its mortgage portfolio coming up for renewal over the next three years.

“Performance has been stellar” on mortgage renewals so far: BMO

August 31, 2023 No Comments

Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals.

Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC

August 28, 2023 No Comments

While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated.

BMO: 20% of variable-rate mortgage clients have increased payments

March 4, 2023 No Comments

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased payments.

RBC saw a 40% decline in mortgage originations in Q1

March 3, 2023 No Comments

Canada’s largest bank saw a 40% decline in mortgage originations in the first quarter, it revealed in its first-quarter earnings call.

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