Hanover Capital Mortgage Holdings Inc
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Hanover Capital Mortgage Holdings Inc is a mortgage real estate investment trust (REIT) that invests in subordinate mortgage-backed securities collateralized by pools of prime single-family mortgage loans. Plus, they purchase single family prime mortgages, which they securitize keep for investment or resale.
Hanover Capital Mortgage Holdings Subordinate Mortgage Backed Securities
Hanover Capital Mortgage Holdings began in June 1997. On their website they point they do not invest in subprime mortgages or sub-prime mortgage-backed securities -- a reflection of the times.
Hanover Capital Mortgage has a subsidiary named Hanover Capital Partners 2 Ltd doing business as HanoverTrade. John A Burchett is currently Chairman of the Board, Chief Executive Officer and President. The company does have a DRIP to make investing in it easy and affordable for small investors. Executive offices are in Edison New Jersey.
This REIT could be worthwhile if it has escaped the subprime mortgage and related credit crisis affecting the financial sector.
Next: Hatteras Financial Corporation -- agency backed mortgage backed securities, adjustable rate and hybrid adjustable rate pass through mortgages
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