Thank you, Mr. Chair.
Thank you to our witnesses for enlightening us on some very interesting discussions that we've started on our access to credit process at this committee. My first question might be to flesh out some of the answers that weren't quite finished by Monsieur Serré. I know Mr. McCallum was quite focused on what he wanted his answers to be, and I know you were trying to get in a bit of an explanation.
Please clarify for us if you can, could you have a 40-year mortgage at 100%? We removed that in July. You can confirm that for us, if you would.
You had suggested that 8% of those 40-year mortgages.... I think we need to note that comparison of 8% with the statement by Mr. Lee that nearly 60% of the mortgages in the U.S. were subprime or near prime. We recognized the uncertainty in that and got rid of it.
So perhaps you could finish the answers that Mr. McCallum wouldn't provide you the opportunity to.