BMO reported a rise in delinquencies in the second quarter and said it expects credit challenges to persist with interest rates now likely to remain higher for longer. The bank saw 90+ day delinquencies in its real-estate secured lending (RESL) portfolio rise to 0.19% in the quarter, up from 0.17% last quarter and 0.14% of its portfolio a year ago. Despite the rise in late payments in the bank’s RESL portfolio, it says actual losses have been concentrated n unsecured […] 

BMO reported a rise in delinquencies in the second quarter and said it expects credit challenges to persist with interest rates now likely to remain higher for longer. The bank saw 90+ day delinquencies in its real-estate secured lending (RESL) portfolio rise to 0.19% in the quarter, up from 0.17% last quarter and 0.14% of its portfolio a year ago. Despite the rise in late payments in the bank’s RESL portfolio, it says actual losses have been concentrated n unsecured  Mortgage Rates & Mortgage Broker News in Canada