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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Bullboard Posts
Post by Bibizbuzon Mar 18, 2020 7:02pm
197 Views
Post# 30823989

Really hard hit

Really hard hit
There must be a concern about mortgage repayment ablities if people don't have secure jobs.
Who knows how long this goes on. I am not sure if MKP would be able to sell  mortgage bonds.
Any input here would be appreciated. I am not sure if a lower interest rate makes much difference in the current environment.
Bullboard Posts