
td bank


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.

Mortgage Digest: Why have lenders been hiking rates?
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

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

Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes
Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps of easing by the end of 2025, lowering the overnight rate to 2.75%.

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.

Despite easing rates, bank CEOs say clients face $400-$500 monthly mortgage payment hikes at renewal
An anticipated decline in interest rates over the course of 2024 should help soften the impact of mortgage renewal payment shocks, according to RBC President and CEO Dave McKay.

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.

Three of the big banks have just lowered fixed mortgage rates. Will more follow?
Lenders have been dropping fixed mortgage rates over the past few weeks…except for the Big 6 banks. But that changed this weekend when three of the big banks finally lowered select rates.

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.