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    MCAN Mortgage Corporation Reports First Quarter Earnings

    18.05.12 TSX: M KP

    TORONTO, May 14, 2012 /CNW/ - MCAN Mortgage Corporation's ("MCAN", the "Company" or "we") net income for the first quarter of 2012 was $4.4 million, down from $7.1 million in 2011, although net investment income only decreased minimally.  The decrease in net income was primarily due to a lower recovery of income taxes in the current quarter. Earnings per share were $0.26 compared to $0.49 during the same quarter in the prior year.


    Source: Stockhouse

    No Recovery Yet for the U.S. Housing Market; Report by Top Financial ...

    18.05.12

    Michael Lombardi, lead contributor to Profit Confidential, believes that the homeownership rate will continue to drop in the coming years and that the ideas that the housing market has bottomed and that foreclosures are a thing of the past are simple fallacies.

    New York, NY (PRWEB) May 14, 2012


    Source: Houston Chronicle

    Homes for Sale Grow Scarce as Sellers Await Higher Prices

    18.05.12

    A real estate agent near California’s Silicon Valley seeks sellers by combing property records for people who’ve owned their houses for at least 40 years. A Denver-area broker offers half his commission for a listing, while a counterpart in South Florida hosts happy hour gatherings at bars to loosen up homeowners reluctant to sell.


    Source: BusinessWeek