First National Financial saw a second consecutive month of slowing mortgage originations in Q2 as rising interest rates continue to impact the housing market.
Equitable Group capped off 2021 with its "best-ever" fourth quarter, which saw earnings up 12%.
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth.
First National reported a decline in single-family originations in the face of a slowing real estate market and increased competition.
Two of the countries largest broker networks overcame the challenges of a pandemic in 2020 and posted record volumes for the year.
Strong mortgage volumes throughout the year helped drive third-quarter results for two of the country's key mortgage lenders in the third quarter.
On the heels of its third-quarter earnings report, alternative-lender Home Capital announced its board had approved a share-buyback of up to $300 million.
Home Capital saw its net income fall nearly 18% due to rising deposit costs, while the full impacts of rate increases are yet to effect its mortgage originations.
The big story of earnings season was Home Capital’s postponed earnings conference call last Thursday. Its purpose was to brief...
The issues plaguing Home Capital dominated the lender’s last earnings call, but according to Home’s management it appears to finally...
