BMO amortizations Archives - Mortgage Rates & Mortgage Broker News in Canada

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

December 8, 2024 No Comments

BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

BMO reports rising mortgage delinquencies and loan loss provisions in Q3

August 27, 2024 No Comments

High interest rates drove BMO’s mortgage delinquency rate higher in the third quarter, according to the bank’s latest earnings results.

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

Lenders reducing average amortization lengths

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths

April 1, 2024 No Comments

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios.

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%.

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.

BMO: No issues with mortgage renewals at this time

December 1, 2022 No Comments

The Bank of Montreal (BMO) is the latest of Canada’s big banks to confirm most of its mortgage clients haven’t yet experienced challenges with their

BMO amortizations