Finance committee  In the early 2000s and they weren't around for very long.

Finance committee  In 2004, 2005, something like that, and they were only there for like two years, maybe.

Finance committee  Okay. So there you go.

Finance committee  There was, yes.

Finance committee  I don't know that percentage, but I wouldn't be surprised. I saw some stats from Genworth where they had done quite a.... A third of theirs were 40 years in the year that I was looking at.

Finance committee  Yes. I think 2008 was the drop to 35 years, and 2010 to 30 years. Something like that.

Finance committee  Well, the split between personal debt and mortgage debt is about the same. The whole pie has grown, but the split's still about the same as it was. It's not that people are borrowing just to buy houses now or just on their credit cards.

Finance committee  One of the restrictions, recently, was that if you are refinancing your house now, you used to be able to borrow 95%. You could take out all the equity you'd built up in that house. Now it's 85%—

Finance committee  I suppose, yes.

Finance committee  It's not very complicated. You really simply spread out all the loans on a map and see if there's a difference in the coverage. It could be anybody. It could be an academic, or it could be.... I mean, the private insurers' data is basically public, so you get the data from the tw

Finance committee  They are, but they're not. Should they be using their mortgage insurance revenues to fund those other activities? They don't really. They get an appropriation from the government for social housing programs, and that sort of thing, so I don't see the fact that they do housing pol

Finance committee  We've tightened up the lending requirements quite a lot. If you're buying a property to rent to other people, for example, you can only get an 80% loan on that. You used to be able to borrow 95%, so I don't think we need to go.... We don't want to tighten them so far that we caus

Finance committee  Covered bonds are a way for banks and financial institutions to bring in more funds. By having the legislation there, they can package their mortgages. Basically, they're keeping those mortgages. It's not like they're selling them into mortgage-backed securities. They're issuing

Finance committee  Yes.

Finance committee  We're in very good shape. We never did the silly kinds of lending they did in the United States. Our mortgage arrears rate went up from 0.4 of 1% to 0.5 of 1%, and it's back down to 0.4. It's not an issue here. There are some housing markets that maybe are a little hot, but over