What is Mackinac Financial Mortgage Backed Securities (USD Mil)?
Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.
Mackinac Financial's Mortgage Backed Securities (USD Mil) for the quarter that ended in Jun. 2021 was 28.71
, which is lower than
31.29 for the pervious quarter ended in Mar. 2021.
Mackinac Financial's Mortgage Backed Securities (USD Mil) for the annual that ended in Dec. 2020 was 34.28
, which is lower than
34.53 for the pervious year ended in Dec. 2019.
The historical rank and industry rank for Mackinac Financial's Mortgage Backed Securities (USD Mil) or its related term are showing as below:
Mackinac Financial Mortgage Backed Securities (USD Mil) Historical Data
The historical data trend for Mackinac Financial's Mortgage Backed Securities (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mackinac Financial's Mortgage Backed Securities (USD Mil)
For the Banks - Regional subindustry, Mackinac Financial's Mortgage Backed Securities (USD Mil), along with its competitors' market caps and Mortgage Backed Securities (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.
Mackinac Financial Mortgage Backed Securities (USD Mil) Related Terms
Thank you for viewing the detailed overview of Mackinac Financial's Mortgage Backed Securities (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Mackinac Financial (Mackinac Financial) Business Description
Mackinac Financial Corp is a bank holding company. It is engaged in the business of retail and commercial banking. Its products and services include checking and savings accounts, time deposits, interest-bearing transaction accounts, safe deposit facilities, commercial and governmental lease financing and direct, indirect consumer financing, commercial lending, treasury management products, services for small to mid-sized businesses as well as full array of personal and business deposit products and consumer loans. It earns revenue from loans, investments and other interest-bearing assets.
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