Toronto Lender Pushes Differences In Subprime In First Deal

Toronto-based Xceed Mortgage plans to issue C$500 million ($425 million) in mortgage-backed securities, the first offering under Xceed Mortgage Trust.

  • 19 Mar 2007

--Cathy Cunningham

Toronto-based Xceed Mortgage plans to issue C$500 million ($425 million) in mortgage-backed securities, the first offering under Xceed Mortgage Trust. Xceed’s origination is concentrated in the Alt-A and subprime segments, but the company is keen to differentiate itself from U.S. subprime lenders. It has posted a product ...

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