I have various questions concerning your organization. The government is obliging you to purchase risky mortgages. You have a budget, that is granted by the government, for the Insured Mortgage Purchase Program. This program is managed by the Canada Mortgage and Housing Corporation. Therefore, you have been given a new responsibility.
Would you be able to reply to a question on this subject? I am concerned about whether you have calculated a rate of return on these new purchases. Given that this is a mortgage purchase program, the risks are certainly quite high. Under the mandate that you have been given by the government, is there a fall-back provision for mortgages that are not honoured?