The Yield Hunter Let's make some money and sleep well at night
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Hanover Capital
A Financial REIT
Period End 3/31/2008
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Copyrights 2006-2007 SGM Publishing
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Hanover Capital Mortgage Holdings, Inc. operates as a real estate
investment trust. It primarily invests in prime mortgage securities and
mortgage loans on a leveraged basis. The company's portfolio comprises
subordinate mortgage-backed securities, collateralized by pools of prime
single-family mortgage loans, as well as prime whole single-family
mortgage loans for investment, securitization, and resale. It also engages
in real estate investment management services, including asset
management and administrative services. In addition, the company
markets Web-based technology solutions to meet specific needs of the
mortgage industry in the secure transmission, analysis, valuation,
tracking, and stratification of loan portfolios. Further, it licenses its
proprietary software applications to the financial industry, and software
technology to government agencies and financial institutions that
originate and trade financial assets. It has elected to be taxed as REIT
under the Internal Revenue Code of 1986. As a REIT, it would not be
subject to federal income tax, provided it distributes at least 90% of its
taxable income to its shareholders. Hanover Capital Mortgage Holdings
was founded in 1997 and is based in Edison, New Jersey.