AAA INSURED
A Wholly Owned Subsidiary of MCAN Mortgage Corporation
Product
and Policy
Overview
XCEED Mortgage
Corporation
HELPING CANADIANS
MAKE IT HOME
MCAN Mortgage Corporation
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Founded in 1991 and headquartered in Toronto
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Listed on the TSX (symbol: MKP)
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Is a reporting issuer in all provinces and territories in Canada
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Is a Loan Company under the Trust and Loan Companies Act, and is
therefore an OSFI-regulated financial institution
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Qualifies as a mortgage investment corporation (“MIC”) under the
Income Tax Act (Canada)
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Issues term deposits that are eligible for CDIC insurance
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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
Core Operations
Corporate Mortgages | Four Main Asset Classes
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Insured single family
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Uninsured single family
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Construction
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Commercial
Core Markets for Commercial & Construction
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Greater Toronto Area
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Greater Vancouver Area
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Greater Calgary Area
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Greater Edmonton Area
Markets for Single Family
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Across Canada, major and medium centres
Mortgage Portfolio
(As at December 31, 2013)
Corporate Mortgages by Type
Construction Non-Residential
0.8%
Construction Residential
42.2%
Single Family Insured
14.8%
Total Corporate Mortgages: $861.6 million
(up 16.5% from $739.8 million at Dec-2012)
Commercial
10.4%
Single Family Uninsured
31.8%
Mortgage Portfolio by Province
(As at December 31, 2013)
Total Single Family
Mortgages: $401.2 million
Construction and
Commercial Mortgages:
$460.4 million
Atlantic
Provinces
8.5%
British
Columbia
16.2%
Alberta
20.2%
Quebec
8.3%
Quebec
3.8%
Other Provinces
3.0%
Ontario
43.8%
Atlantic
Provinces
2.6%
Other
Provinces
2.6%
British
Columbia
25.0%
Alberta
21.4%
Ontario
44.6%
XCEED Insured HIGHLIGHTS
XCEED Insured Highlights
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XCEED is insured by CMHC and Genworth Canada.
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Minimum Beacon: 600
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No minimum square footage requirement.
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FREE Home System Warranty Insurance for first year of term.
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Minimum Loan Amount: $50,000
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Maximum Loan Amount (owner-occupied and second homes): Up to
$1,000,000 in select areas; other areas $500,000. Contact BDM for details.
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Minimum Amortization: 20 years
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120-day rate hold
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Fully-featured mortgage solutions
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XCEED will accept private sales.
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XCEED will allow second mortgages up to a maximum combined LTV of
90%.
XCEED Mortgage Corporation 2014
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.
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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
XCEED Super PRIME
Fully-featured, aggressively priced mortgage solution
for customers with exemplary credit history.
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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
XCEED Simplicity
XCEED Simplicity
XCEED’s mortgage solution for customers seeking long-term
interest rate stability with fewer bells and whistles.
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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
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
Contact XCEED
Contact XCEED
A Wholly Owned Subsidiary of MCAN Mortgage Corporation
Sales
Underwriting
Melanie Lapointe
BDM, Western Ontario (west of Hwy 427), Alberta, BC
mlapointe@xceedmortgage.com Toll free: (888) 8116660 ext. 3487 Mobile: (416) 648-2854 Fax: (866) 4262985
Anne Regan Credit Manager
aregan@xceedmortgage.com Toll free: (888)
811-6660 ext. 3428 Fax: (866) 745-6693
Tommy Vrazalis
BDM, Prairies, Eastern Ontario (east of Hwy 427) and
Atlantic
tvrazalis@xceedmortgage.com Toll free: (888) 8116660 ext. 3268 Mobile: (416) 716-9432 Fax: (866) 2758394
Gleb Ioussoufovitch
Director, Sales and Marketing
gioussoufovitch@xceedmortgage.com
Toll free: (888) 811-6660 ext. 3243
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