
CIBC conference call


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.

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year
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.

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.

CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages
December 2, 2022
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With a third of its mortgage portfolio having variable rates, CIBC saw its amortizations soar as of the fourth quarter.
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