I'm sorry for my lateness.
That is correct. It is default insurance, so it protects the lender against the loss.
On February 7th, 2008. See this statement in context.
On February 7th, 2008. See this statement in context.
Winsor Macdonell Vice-President and General Counsel, Genworth Financial Canada
I'm sorry for my lateness.
That is correct. It is default insurance, so it protects the lender against the loss.
See context to find out what was said next.