MKP Stock Discussion

MCAN Mortgage Corporation Description

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.

Sector: Financial Services
Industry: Specialty Finance
Keywords: Financial Real Estate Residential Construction Real Estate Investment Loans Mortgage Structured Finance Mortgage Backed Security Mortgage Loan Mortgage Investment Corporation Mortgage Products Rate Fund Real Estate Investments