Type Public Founder Stephen Smith Headquarters Toronto, Canada Founded 1988 | Traded as TSX: FN Website www.firstnational.ca Revenue 915.3 million USD (2015) Total assets 93.8 billion USD (2015) | |
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Industry Credit Mortgage lending Key people Stephen Smith, Co-founder and Chief Executive Officer Stock price FN (TSE) CA$ 26.74 +0.06 (+0.22%)10 Mar, 4:00 PM GMT-5 - Disclaimer Net income 41.08 million USD (4th quarter of 2015) Subsidiaries First National Financial LP, ESOP | ||
First National Financial Corporation ("First National", TSX:FN, TSX:FN.PR.A) is a Canadian private lending institution based in Toronto, Ontario.
Contents
In 2015 they administered $93.8 billion in mortgages, making them the largest non-bank lender, servicing and originating commercial and residential mortgages.
Holdings
In 2015, First National administered $93.8 billion in mortgages, a 14% increase over 2014. 80% of its mortgages are insured by the Canadian Mortgage and Housing Corporation; 14% are conventional single family residential homes; and 6% are multi-unit residences and commercial spaces.
Parent and subsidiaries
First National Financial Corporation is the parent company. First National Financial LP is the subsidiary that underwrites and services the mortgages. First National Mortgage Investment Fund is the investment fund for these mortgages. The First National Mortgage Investment Trust backs the short-term mortgages that are originated by First National Financial LP.