
TD Bank renewals


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 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.