TD bank amortizations
Despite first quarterly loss in 21 years, TD sees strong mortgage volumes in Q3
TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending
TD Bank sees mortgage volumes rise 7% in Q2, gains market share
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.
TD saw a drop in negatively amortizing mortgages in the fourth quarter
TD Bank said “positive payment actions” taken by its mortgage clients have reduced the number of mortgages that currently have a negative amortization.
TD reports strong mortgage volumes and stabilizing amortizations
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.
TD mortgage growth flat in Q1
While some of the Big 6 banks have reported continued strong mortgage growth in the first quarter, TD Bank’s mortgage book was basically flat compared to Q4 and up just 4% year-over-year.
One quarter of TD mortgages now have an amortization of 35+ years
Over a quarter of TD Bank’s residential mortgage portfolio now has an effective amortization of 35 years or longer.