According to Tuesday, the possession of the value of residential mortgages that have not been examined is expected to go down by about $10 to $11 billion for each year for the lender. The liquidity and deposits position was updated by the lender which showed an amount of $1.09 billion together with $350 million that has not been withdrawn yet from its credit line, marginally increased from the last few days of last month.
The lender said that is handling and putting things in order in its new business and also renewals in line together with this liquidity and also mentioned that it is “focused on protecting its traditional single-family residential mortgage business and valued customer and broker relationships.”
The latest property mortgage originations is expected to continuously fall under the management of the lender up until the latter part of this year, with renewals going back to its initial levels. As at the 31 st of March, 2017, the level of $10-11 billion has gone down each year from its previous $12.6 billion.