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.
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/