MCAN Mortgage Corporation (MCAN) is a loan company and a mortgage investment corporation. It invests its funds in a portfolio of mortgages, including single-family residential, residential construction, non-residential construction and commercial mortgages, as well as other types of loans and investments, real estate, securitization investments and marketable securities in the form of corporate bonds and real estate investment, income and royalty trusts. It invests in insured and uninsured single family mortgages in Canada. It does not invest in the United States mortgage market. The uninsured mortgages that it invests in may not exceed 80% of the value of the real estate securing such loans at the time of funding. Uninsured residential construction loans are made to homebuilders to finance residential construction projects. In July 2013, the Company acquired Xceed Mortgage Corporation.