Atrium Mortgage Investment Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Challenging real estate markets
- Increased credit risk in uncertain economic conditions
- High inflation and rising interest rates resulting in economic slowdown and increased stress on borrowers
Mitigation Strategies
- Maintaining a conservative portfolio loan-to-value (61.4%)
- Increasing percentage of first mortgages to 94.6%
- Prudent allowance for mortgage losses (2.53% of gross mortgage portfolio)
- Maintaining ample liquidity and tight risk parameters
- Amendments to credit facility to extend maturity date, increase accordion, and improve covenant terms