re: #54 McSpiff

Source on the looser standards claim?

how about your own government?

relevant bits:

# MLI on mortgages with a loan-to-value ratio of up to 95%;

# MLI for homeowners providing eligible borrowers with financing of up to 100% of the value of the property, meaning that no down payment is required (under certain conditions);

# extended eligibility for self-employed workers and employees paid by commission;

# extended MLI in cases of refinancing and credit consolidation;

# extended coverage for a second home, vacation properties and factory-built homes;

# lower premiums (30%) and elimination of homeowner high-ratio MLI application fees (CMHC);

# extended amortization periods of up to 40 years on homeowner loans under certain conditions;

# MLI for homeowners with payment of interest only;