first national earnings call Archives - Mortgage Rates & Mortgage Broker News in Canada

First National saw Q1 residential mortgage originations fall 20% as competition in the broker channel intensified

May 28, 2024 No Comments

Canada’s largest non-bank lender continued to see a slowdown in its residential mortgage originations in the first quarter, which were down 20% from last year.

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes

March 7, 2024 No Comments

First National wrapped up a “successful” 2023 in spite challenging economic conditions and a drop in residential mortgage originations.

First National’s Q3 earnings “exceed expectations” on strong mortgage originations

November 1, 2023 No Comments

Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations.

First National comments on underwriting partnership with BMO, says move is an “endorsement of the channel”

August 24, 2023 No Comments

BMO’s decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of both FN’s services and the channel as a whole.

First National reports no issues with its mortgage renewals so far

May 3, 2023 No Comments

Canada’s largest non-bank lender says it has not yet encountered any issues with its mortgage borrowers renewing at higher interest rates.

First National seeing no signs of stress among mortgages renewing at higher rates

March 8, 2023 No Comments

Canada’s largest non-bank lender says it hasn’t seen any signs of stress among its adjustable-rate nor fixed-rate borrowers who are renewing at higher rates.

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.

first national earnings call