Presentation Transcript

1. Product and Policy Overview AAA INSURED XCEED Mortgage Corporation HELPING CANADIANS MAKE IT HOME
2. MCAN Mortgage Corporation Founded in 1991 and headquartered in Toronto Listed on the TSX (symbol: MKP) Is a reporting issuer in all provinces and territories in Canada Is a Loan Company under the Trust and Loan Companies Act, and is therefore an OSFI-regulated financial institution Qualifies as a mortgage investment corporation (“MIC”) under the Income Tax Act (Canada) Issues term deposits that are eligible for CDIC insurance Recently added origination capabilities via its wholly-owned subsidiary, XCEED Mortgage Corporation (“XCEED”) [1] For further details, refer to MCAN’s Description of Business in 2013 Annual Report [2] Definitions used above: TSX = Toronto Stock Exchange; OSFI = Office of the Superintendent of Financial Institutions: MIC = mortgage investment corporation; CDIC = Canada Deposit Insurance Corporation
3. Core Operations Corporate Mortgages | Four Main Asset Classes Insured single family Uninsured single family Construction Commercial Core Markets for Commercial & Construction Greater Toronto Area Greater Vancouver Area Greater Calgary Area Greater Edmonton Area Markets for Single Family Across Canada, major and medium centres
4. Mortgage Portfolio (As at December 31, 2013) Corporate Mortgages by Type Total Corporate Mortgages: $861.6 million (up 16.5% from $739.8 million at Dec-2012)
5. Mortgage Portfolio by Province (As at December 31, 2013) Total Single Family Mortgages: $401.2 million Construction and Commercial Mortgages:$460.4 million
6. XCEED Insured Highlights XCEED Insured HIGHLIGHTS XCEED is insured by CMHC and Genworth Canada. Minimum Beacon: 600 No minimum square footage requirement. FREE Home System Warranty Insurance for first year of term. Minimum Loan Amount: $50,000 Maximum Loan Amount (owner-occupied and second homes): Up to $1,000,000 in select areas; other areas $500,000. Contact BDM for details. Minimum Amortization: 20 years 120-day rate hold Fully-featured mortgage solutions XCEED will accept private sales. XCEED will allow second mortgages up to a maximum combined LTV of 90%. XCEED Mortgage Corporation 2014
7. XCEED AAA XTRAGREENTM XCEED’s standard terms mortgage offering combination of competitive interest rates, best-in-class compensation and donation to Evergreen Canada on closing. 3- and 5-year fixed terms Up to 95% LTV purchase; 80% LTV refinance Minimum Beacon score of 600 120-day rate hold 20/20 prepayment privileges No minimum square footage requirements Industry-leading compensation Unlimited rate buy-down. Best in industry! Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED Mortgage Corporation 2014
8. XCEED Super PRIME Fully-featured, aggressively priced mortgage solution for customers with exemplary credit history. Lower interest rates 3- and 5-year fixed terms Up to 90% LTV purchase; 80% LTV refinance Minimum 10% down payment from own funds Minimum Beacon Score of 700 (primary applicant/main income earner) and 600 (all other applicants) 120-day rate hold 20/20 prepayment privileges The only XCEED available for high-rise apartment condominium properties. Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED Mortgage Corporation 2014
9. XCEED Simplicity XCEED Simplicity XCEED’s mortgage solution for customers seeking long-term interest rate stability with fewer bells and whistles. Lower interest rates 5-year fixed term Up to 95% LTV purchase; 80% LTV refinance Minimum Beacon score of 600 120 day rate hold 10/10 prepayment privileges Can be discharged on sale with XCEED penalty of the greater of three months’ interest or IRD Mortgage is portable Can be refinanced with XCEED prior to maturity Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED Mortgage Corporation 2014
10. XCEED PRIME Conventional XCEED PRIME Conventional XCEED PRIME Conventional offers competitive rates on refinances and purchases at loan-to values of 75% or lower with no CMHC premium. Only XCEED product with no insurer premium on commitment 3- and 5-year fixed terms Up to 75% LTV purchase and refinance 120-day rate hold Available on owner-occupied properties only Generous compensation XCEED Mortgage Corporation 2014
11. Contact XCEED Contact XCEED Sales Underwriting Melanie Lapointe BDM, Western Ontario (west of Hwy 427), Alberta, BC mlapointe@xceedmortgage.com
Toll free: (888) 811-6660 ext. 3487
Mobile: (416) 648-2854
Fax: (866) 426-2985 Tommy Vrazalis BDM, Prairies, Eastern Ontario (east of Hwy 427) and Atlantic tvrazalis@xceedmortgage.com
Toll free: (888) 811-6660 ext. 3268
Mobile: (416) 716-9432
Fax: (866)  275-8394 Gleb Ioussoufovitch Director, Sales and Marketing gioussoufovitch@xceedmortgage.com Toll free: (888) 811-6660 ext. 3243 Anne ReganCredit Manager aregan@xceedmortgage.com
Toll free: (888) 811-6660 ext. 3428
Fax: (866)  745-6693 Dianne Vieira
Senior Underwriter  dvieira@xceedmortgage.com
Toll free: (888) 811-6660 ext. 3252
Fax: (866) 549-8905 Nasrin Dossa-Lall
Senior Underwriter  ndossa-lall@xceedmortgage.com Toll free: (888) 811-6660 ext. 3245
Fax: (866) 274-1834 David Marcotte AVP, Mortgage Operations dmarcotte@xceedmortgage.com Toll free: (888) 811-6660 ext. 3240 XCEED Mortgage Corporation 2014