home capital group Archives - Mortgage Rates & Mortgage Broker News in Canada

NBC first to offer First Home Savings Account

The latest in mortgage news: National Bank among first to offer First Home Savings Account

April 18, 2023 No Comments

National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.

Carolyn Rogers, senior deputy governor of the Bank of Canada,

The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC

November 23, 2022 No Comments

Homebuyers with a variable mortgage rate are facing a “painful” adjustment as interest rates continue to rise, the Bank of Canada’s Senior Deputy Governor Carolyn Rogers said this week.

First National reports lower mortgage originations

Home Capital sees a drop in volumes, but no issues yet with renewals at higher rates

November 9, 2022 No Comments

Home Capital says it is “preparing for the worst” when it comes to delinquencies, but so far hasn’t seen any issues with borrowers making their payments.

Home Capital’s Q2 mortgage volumes up over 40%

August 9, 2022 No Comments

Despite rising interest rates, alternative lender Home Capital saw its mortgage originations jump over 40% in Q2 compared to last year.

Home Capital saw Q1 net income fall 18%, with more headwinds ahead

May 7, 2022 No Comments

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.

Home Capital Delivers Q4 Results, Reinstates Dividend

February 17, 2022 No Comments

For the first time in five years, Home Capital Group will be paying its shareholders a dividend.

Home Capital Buys Back $300 Million in Shares Following Q3 Earnings

November 16, 2021 No Comments

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.

Q2 Lender Earnings: Strong Results and a Positive Outlook for H2

August 19, 2021 No Comments

Some of the country’s key mortgage lenders benefited from strong housing activity seen over the first half of the year, according to second-quarter earnings. While

Q2 Lender Earnings: Mortgage Deferral Situation Easing

August 25, 2020 No Comments

Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appears to be telling a different story.

broker lender quarterly earnings results

Lender Calls – Q3 Roundup

December 11, 2019 No Comments

The country’s key broker channel lenders saw residential mortgage originations jump nearly 10% in the third quarter compared to last year. That helped the bottom

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