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Old 10-29-2009, 02:34 PM
Richard Richard is offline
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Join Date: Oct 2009
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Not to mention that the CMHC news was widely posted. It was in _all_ of the newspapers. The government authorized CMHC to spend an extra few billion dollars to take over mortgages that are still 100% insured and follow Canadian rules (very few of the US-style mortgages with sub-prime rates with scheduled rate hikes two years from now). And, chinoy99 said, it applies to all businesses that issue mortgages, not just banks but companies like OMAC.

Richard
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