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Home Capital, Street Capital & First National's Q2 Review



The country’s largest broker channel lenders wrapped up their second-quarter earnings, which provided a little more insight into the ongoing effects of this year’s new stress test.


This year’s second-quarter results are thought to be a more accurate year-over-year comparison to gauge the stress test impacts than the first-quarter results, which the lenders say were impacted by a rush of borrowers trying to get a mortgage before the new rules took effect on January 1, 2018.


As expected, all lenders reported strong renewal rates thanks—at least in part—to the new stress test rules that make it harder for existing homeowners to renew with a new lender.


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