We introduced the criteria that governed government-backed mortgage insurance in October 2008. Before that time, decisions about amortization were being made by the mortgage insurers themselves.
On May 16th, 2012. See this statement in context.
On May 16th, 2012. See this statement in context.
Director, Financial Institutions Division, Financial Sector Policy Branch, Department of Finance
We introduced the criteria that governed government-backed mortgage insurance in October 2008. Before that time, decisions about amortization were being made by the mortgage insurers themselves.
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