With regards to mortgages: (a) how many loans for 40 year amortization mortgages has the government guaranteed (i) since January 1, 1993, (ii) since February 6, 2006; (b) since February 6, 2006, how many loans for 40 year amortization mortgages has the government guaranteed with zero down payment from the client; (c) as of March 10, 2009, what is the government’s contingent liability related to guarantees for all mortgages which were entered into with (i) a 40 year amortization period, (ii) a 35 year amortization period; and (d) as of March 10, 2009, how many mortgages entered into with a 40 year amortization period have been purchased by the government through the Insured Mortgage Purchase Program?
In the House of Commons on April 24th, 2009. See this statement in context.