With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
On May 11th, 2021. See this statement in context.
On May 11th, 2021. See this statement in context.
President and Chief Executive Officer, Canada Mortgage and Housing Corporation
With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
See context to find out what was said next.