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

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals

December 3, 2024 1 Comment

In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

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.

Despite first quarterly loss in 21 years, TD sees strong mortgage volumes in Q3

August 22, 2024 No Comments

TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending

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.

BMO reports increased delinquencies, predicts prolonged high interest rates

May 30, 2024 No Comments

BMO reported a rise in delinquencies in the second quarter and said it expects credit challenges to persist with interest rates now likely to remain

TD Bank sees mortgage volumes rise 7% in Q2, gains market share

May 24, 2024 No Comments

Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter.

Banks to report second-quarter results as credit concerns persist

May 22, 2024 No Comments

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

TD saw a drop in negatively amortizing mortgages in the fourth quarter

December 10, 2023 No Comments

TD Bank said “positive payment actions” taken by its mortgage clients have reduced the number of mortgages that currently have a negative amortization.

RBC bracing for renewal impact: three quarters of its mortgages to see higher rates by 2026

December 2, 2023 No Comments

Despite interest rates having been elevated for over a year, Canada’s largest bank said the bulk of the impact is yet to be felt with nearly three quarters of its mortgage portfolio coming up for renewal over the next three years.

quarterly earnings