
TD bank earnings


Despite tough quarter, TD sees year-over-year market share gains in mortgage lending
Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

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.

TD and CIBC comment on mortgage renewals and trigger points
TD Bank and CIBC released their third-quarter earnings results on Thursday, and both provided updates on their variable-rate mortgage balances.