12:28 PM EST - MCAN Mortgage Corp. : reported first quarter net income of $4.4 million or $0.35 per share, compared to net income of $3.1 million or $0.25 per share in the same quarter last year. Net investment income for the quarter increased by $1.5 million over 2006. Mortgage interest income increased to $6.9 million from $5.4 million in the year-ago quarter. MCAN Mortgage Corp.
shares T.MKP are trading off 1 cent at $12.51.
