Monday, January 24, 2011

Mortgage insurance needs to be returned to roots

Mortgage insurance is on its way to being mortgage insurance once again.

No longer should it be boat-loan insurance, or vacation-funding insurance, backed by the Canadian taxpayer. The package of mortgage reforms unveiled by the federal government Monday goes some lengths to ensuring that’s true, but there’s more that can be done.

CLICK HERE to read the entire article at The Globe and Mail

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