quarterly earnings

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.

Scotiabank “intentionally slowing” its mortgage portfolio

March 1, 2023 No Comments

With its new CEO now at the helm, Scotiabank has laid out its plans for a shift in focus in terms of how its funds its loan book.

Over half of CIBC variable-rate mortgage holders have reached their trigger rate

March 1, 2023 2 Comments

Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.

First National reports lower mortgage originations

Home Capital sees a drop in volumes, but no issues yet with renewals at higher rates

November 9, 2022 No Comments

Home Capital says it is “preparing for the worst” when it comes to delinquencies, but so far hasn’t seen any issues with borrowers making their payments.

Adjustable rate borrowers managing payments

No signs of distress among borrowers yet, First National says

November 7, 2022 No Comments

Canada’s largest non-bank lender says it is keeping a close eye on its mortgage borrowers, but hasn’t seen any “measurable issues” related to higher payments so far.