Xceed Mortgage plans writedown of $17M to 20M on mortgage receivables (MSN Money Canada)

Story date: 2007-11-09 07:28:19
Added on: 2007-11-09 22:37:58

TORONTO - Xceed Mortgage Corp. (TSX:XMC), a leading provider of mortgages to home buyers avoided by the big banks, disclosed Friday that it will take an after-tax charge of $17 million to $20 million on the value of its future lending proceeds.


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