CIBC amortizations

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.

September 12, 2023 5 Comments

CIBC reports that its mortgage clients are so far managing to absorb the payment shocks as their mortgages come up for renewal at higher rates.

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.

December 2, 2022 No Comments

With a third of its mortgage portfolio having variable rates, CIBC saw its amortizations soar as of the fourth quarter.

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