@Mill_Moron
Yes! The banks' negative amortization portfolios are as follows:
CIBC: $38.1B
TD: $32.9B
BMO: $23B
Desjardins: Between zero and $6.2B (not reported)
Q1 2024 reports: Residential Mortgage Stats of Big 6 Banks+Equitable+ Desjardins
Total $1.58T in residential mortgages
(~80% of 🇨🇦 mortgages)
Remaining Amortization:
• 37.7% ($598B) >25-year
• 14.1% ($223B) > 35-year
• At least 5.9% ($94B) have negative amortization…