top of page
< Back
Category:

Marketing

Save this article  > 

First National Seeing No Signs Of Stress Among Mortgages Renewing At Higher Rates

Author: 
Steve Huebl
Publication date:
March 8, 2023
Article Summary: 

First National, Canada's largest non-bank lender, reports no signs of stress among borrowers renewing mortgages at higher rates. The company's CEO, Jason Ellis, notes resilience among adjustable-rate borrowers and consistent renewal rates for fixed-rate borrowers. There have been no material changes in mortgage makeup or underwriting standards despite potential OSFI changes. The company expects growth in mortgages under administration in 2023, driven by renewal opportunities and commercial originations. Notable topics from the earnings call include the expansion of alternative mortgage programs and maintaining rigorous underwriting standards.

Keywords: 

First National, non-bank lender, mortgages, renewal rates, adjustable-rate borrowers, fixed-rate borrowers, underwriting standards, OSFI, alternative mortgage program, Excalibur, commercial originations, earnings call, mortgage activity, 2023 outlook.

Source Citation: 
Steve Huebl
First National Seeing No Signs Of Stress Among Mortgages Renewing At Higher Rates
March 8, 2023
https://www.canadianmortgagetrends.com/2023/03/first-national-seeing-no-signs-of-stress-among-mortgages-renewing-at-higher-rates/
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page