GREY:CXSNF - Post by User
Comment by
retiredcfon Dec 17, 2013 8:19am
294 Views
Post# 22012670
RE:Top pick on BNN tonight
RE:Top pick on BNN tonight
| CXS-T |
|
2013-12-16 |
TOP PICK |
Jerome Hass |
Essentially they match up a mortgagee with a financial institution. This goes on to the financial institutions book, but they continue to administer the mortgage. Because they are administering the mortgage, they continue to have a relationship with the borrower. When the mortgage comes up in 5 years, they are the ones they are most likely to turn to. Because of this, their margins are about 2.5X of the renewals of the originals. They are in their 6th year of operation so we are now starting to get in the Golden age where they are getting the rollovers of the mortgages.
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Price:
$2.180
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes |