Q3 Lender Earnings: The Unexpected Recovery
The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around. Equitable Bank had its best-ever third quarter, while First National had its own record quarter. “For customers and partners, we originated a record volume of mortgages,” First National Chairman and CEO Stephen Smith announced, adding that the lender picked up broker channel market share in the quarter. Meanwhile, mortgage insurer Sagen MI Canada (formerly Genworth Canada) announced its own market […]
Original Article Source Credits: canadian mortgage trends, https://www.canadianmortgagetrends.com
Article Written By: Steve Huebl
Original Article Posted on: November 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/q3-lender-earnings-the-unexpected-recovery