Solutions

Brookcor Holdings Inc. is a holding company whose primary services include private mortgage financing, in addition to traditional financing for residential and commercial mortgages.

The mortgage market, particularly the private mortgage market, is a growing multi-billion dollar industry involving a very high percentage of residential and commercial mortgages issued in USA and Canada . Currently we are focused on the Canadian real estate market due to the turbulence effecting USA markets. The housing market in Canada continues to perform strongly, and is less subject to industry downturns due to conservative lending policies.

The Canadian mortgage market is in transition. Recent innovation in mortgages, along the line of what is already available in other countries, is a clear reflection of an evolving market. And this is just the beginning. Over the next 5-10 years, innovation in the mortgage market will accelerate at a pace not seen before in Canada .

Mortgage backed investments are a growing sector of the financial services market because investors are always seeking safety in their investments that offer above average returns given the relatively and potentially volatile state of current markets.

The development of mortgage backed investments market trace back to the early 1980s. Before then, each real estate mortgage underwritten was uniquely a single transaction. Therefore, for an investor, owning a single mortgage investment does not add much value if their portfolio was to be properly diversified.

By grouping a large number of mortgages together in a "pool" of mortgages, the uniqueness of each mortgage is submerged in the whole. For instance, 500 mortgages at $200,000 would result in a pool of $100 million of mortgages. Furthermore, it is maintained that no single mortgage has too large a portion in the pool enough to affect the overall performance.

The wide spread of mortgage investments among many borrowers and different property locations and types reduces the risk of mortgage payment default. This process brings increased diversification and results in consistent, risk-aware performance.

The problem of assessing each of the mortgages for their creditworthiness is addressed through lending guidelines administered by “Brookcor”, a group of experts who help to assess applications and assist in qualifying potential borrowers.

Our Mortgage portfolio composition will vary over time depending on the Manager's assessment of the appropriate strategy given overall market conditions and outlook and that of the board of directors of the Corporation.