big bank earnings Archives - Page 2 of 4 - Mortgage Rates & Mortgage Broker News in Canada

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio

June 16, 2024 No Comments

While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges ‘pockets of stress’ among select borrowers.

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

Scotiabank announces competitive pricing

Scotiabank says variable-rate mortgage clients “showing signs of stress”

May 29, 2024 1 Comment

Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses

March 3, 2024 No Comments

CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren’t expected to translate into “material” losses, the bank said.

National Bank of Canada quarterly earnings

National Bank sees delinquencies for its variable-rate mortgages rise to pre-pandemic levels

February 29, 2024 No Comments

National Bank reported a rise in mortgage delinquencies, though primarily in its insured variable-rate mortgage portfolio.

RBC says it’s “very comfortable” with due diligence done on HSBC Canada’s mortgage portfolio

February 28, 2024 No Comments

RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition.

BMO sees rise in loan losses, but says mortgage clients remain “resilient”

February 28, 2024 No Comments

BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts.

13,000 CIBC mortgage clients have come out of negative amortization

December 18, 2023 4 Comments

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization.

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.

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

December 4, 2023 No Comments

Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%.

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