lender earnings Archives - Mortgage Rates & Mortgage Broker News in Canada

First National reports lower mortgage originations

First National sees early boost from mortgage rule changes, but profits lag

May 1, 2025 No Comments

First National saw a sharp rise in residential mortgage funding in the first quarter of 2025, continuing its momentum from Q4.

First National sees 44% jump in single-family mortgage originations, but revenue boost deferred

March 17, 2025 No Comments

First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

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Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year

February 27, 2025 No Comments

Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year.

Jason Ellis - President and CEO of First National

First National sees potential gains from recent mortgage rule changes

November 2, 2024 No Comments

In its Q3 earnings report, First National also noted that competitive pressures have led to a year-over-year drop in origination volumes.

First National sees Q2 drop in single-family originations, but mortgage portfolio expands

August 12, 2024 1 Comment

Despite a drop in single-family mortgage originations, First National’s commercial lending and overall mortgage portfolio showed robust growth in Q2.

EQB sees impaired loans double in Q2, but expects improvement ahead

June 3, 2024 No Comments

Alternative mortgage lender EQB saw a rise in gross impaired loans in the second quarter compared to a year ago, but highlighted recent improvements and expects losses to stabilize going forward.

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.

Equitable Bank says majority of its mortgage borrowers have already renewed at higher rates

December 8, 2023 1 Comment

Alternative lender Equitable Bank revealed today that a majority of its residential mortgage clients have already renewed at higher interest rates and have largely absorbed the increases.

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