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Recent Events Aug 21 Dividend payment of $0.20 July 31 Conference call: Hanover Capital Mortgage Holdings Second Quarter Earnings Location 90 West Street, Suite 2210 New York, NY 10006 Phone: (212) 732-5086 Fax: (212) 732-4728 Employees (last reported count): 5 Financial Links  ·Top Institutional Holders  ·Top Mutual Fund Holders  ·Historical Quote Data  ·Free Annual Report  ·Raw SEC Filings at sec.gov Competitors:  ·Sector: Services  ·Industry: Real Estate Operations Related Links  ·Search Yahoo! for related links... Ownership · Insider and 5%+ Owners: 42% · Over the last 6 months:  · one insider buy; 1,000  shares · Institutional: 24% (42% of float) (9 institutions) · Net Inst. Selling: 8,000  shares (+0.80%) (prior quarter to latest quarter) More From Market Guide  ·Highlights  ·Performance  ·Ratio Comparisons

Business Summary Hanover Capital Mortgage Holdings, Inc. (Hanover) is a real estate investment trust formed to operate as a specialty finance company. Hanover has two primary unconsolidated subsidiaries, Hanover Capital Partners Ltd. (HCP) and HanoverTrade.com, Inc. (HTC). The principal business strategy of Hanover is to invest in mortgage-backed securities and, to a lesser extent, in mortgage loans. The principal business strategy of HCP is to generate consulting and other fee income by performing loan file and operational due diligence reviews for third parties, performing advisory services for third parties and preparing and or processing documentation for third parties on a contract basis. The principal business activity of HTC is to generate fee income by operating an online worldwide Web-based exchange for trading loan pools (primarily mortgage loan pools) and by performing loan sale advisory services for third parties. More from Market Guide: Expanded Business Description Financial Summary Hanover Capital is a REIT, investing in mortgage loans and mortgage-backed securities; and is also engaged in fee-income generating activities through its subsidiaries, HanoverTrade.com and Hanover Capital Partners. For the six months ended 6/30/01, revenues fell 18% to $10.8 million. Net income before accounting change fell 7% to $1.3 million. Results reflect lower interest earning assets, partially offset by $1.9 million in gains from the sale of mortgage securities. More from Market Guide: Significant Developments Officers [Insider Trade Data] FY1999 Pay John Burchett, 57 Chairman, Pres and CEO $382K Thomas Kaplan, 34 CFO, Managing Director 115K James Strickler, Jr., 43 Managing Director --   George Ostendorf, 55 Director and Managing Director 243K Joyce Mizerak, 44 Sec., Director 239K Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. More from Market Guide on Officers & Directors: Expanded List, Bios, Compensation, Options

Price and Volume 52-Week Low on 16-Oct-2000 $4.563 Recent Price $6.80  52-Week High on 18-May-2001 $7.95  Beta -0.42  Daily Volume (3-month avg) 7,864  Daily Volume (10-day avg) 17.0K Stock Performance big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y] 52-Week Change +49.0% 52-Week Change relative to S&P500 +99.9% Share-Related Items Market Capitalization $28.2M Shares Outstanding 4.15M Float 2.40M Dividends & Splits Annual Dividend (indicated) $0.80  Dividend Yield 11.77% Last Split none	Per-Share Data Book Value (mrq) $10.28  Earnings (ttm) $0.60  Earnings (mrq) $0.16  Sales (ttm) $5.31  Cash (mrq) $2.40  Valuation Ratios Price/Book (mrq) 0.66  Price/Earnings (ttm) 11.28  Price/Sales (ttm) 1.28  Income Statements Sales (ttm) $24.4M EBITDA (ttm) $23.1M Income available to common (ttm) $2.76M Profitability Profit Margin (ttm) 22.6% Operating Margin (ttm) 22.6% Fiscal Year Fiscal Year Ends Dec 31 Most recent quarter 30-June-2001	Management Effectiveness Return on Assets (ttm) 1.93% Return on Equity (ttm) 6.13% Financial Strength Current Ratio N/A  Debt/Equity (mrq) 4.29  Total Cash (mrq) $9.98M Short Interest As of 8-Aug-2001 Shares Short 0  Shares Short (Prior Month) 0  Daily Volume 9,000
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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