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CMHC reported lower mortgage default rate for the last quarter. Arrears rate went down but there is no news if the premium will go down? Probably CMHC’s risk is not that closely associated with arrear rates.

Following are some interesting stats from CMHC’s last quarterly results.

cmhc-q2-2013-outstanding-loan cmhc-loan-to-value-distribution-q2-2013 CMHC - Insurance In Force - Q2-2013  billion Distribution of insurance-in-force by credit score at origination As at Q2-2013