Lender Calls

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes

March 7, 2024 No Comments

First National wrapped up a “successful” 2023 in spite challenging economic conditions and a drop in residential mortgage originations.

Equitable Bank says majority of its mortgage borrowers have already renewed at higher rates

December 8, 2023 1 Comment

Alternative lender Equitable Bank revealed today that a majority of its residential mortgage clients have already renewed at higher interest rates and have largely absorbed the increases.

First National’s Q3 earnings “exceed expectations” on strong mortgage originations

November 1, 2023 No Comments

Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations.

First National comments on underwriting partnership with BMO, says move is an “endorsement of the channel”

August 24, 2023 No Comments

BMO’s decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of both FN’s services and the channel as a whole.

EQB borrowers remain resilient despite renewal rate shock

August 22, 2023 No Comments

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

Glasslake sails west: Supporting Western Canada’s non-bank mortgage sector

July 18, 2023 No Comments

Coming up as a leading player in small commercial lending, Glasslake is charting a new course as part of its strategic expansion.

Equitable Bank reports resilient mortgage borrowers

Despite “sticker shock” of mortgage renewals, Equitable Bank says clients showing “remarkable resilience”

May 10, 2023 No Comments

Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown “remarkable resilience.”

First National reports no issues with its mortgage renewals so far

May 3, 2023 No Comments

Canada’s largest non-bank lender says it has not yet encountered any issues with its mortgage borrowers renewing at higher interest rates.

First National seeing no signs of stress among mortgages renewing at higher rates

March 8, 2023 No Comments

Canada’s largest non-bank lender says it hasn’t seen any signs of stress among its adjustable-rate nor fixed-rate borrowers who are renewing at higher rates.

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

February 24, 2023 No Comments

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.