MCAP Assigned S&P Servicer Rankings

MCAP Financial Corp., Toronto has been added to the Standard & Poor's Select Servicer List as an "above average" primary servicer and as an "average" special servicer.S&P said MCAP's ranking is based on "the stability and experience of its management team and the high quality of the training and support provided to staff; its solid systems that provide for very good management of all key facets of mortgage application, administration and investor reporting; and stringent internal controls that ensure continuous review and audit of all procedures." MCAP is part of the MCAP group of companies, which operates in Canada and originates, funds and manages residential, commercial, and construction mortgage loans. The company also purchases and resells mortgages to third-party investors through its mortgage warehouse facility; and packages and securitizes mortgages for capital markets.