Mr. Speaker, of course managing our assets better will result in a healthier balance sheet. This is a given. We know that there are about 400 mortgages still being held by the Housing Corporation and this has not always been a smoothly run area. Collection rates were around 30 percent back in 2012, with arrears totaling about $16 million, then came the Revised Mortgage Balance Program to deal with that.

Can the Minister inform the House today, what is the current status of this Revised Mortgage Balance Program and what is our current rate of collection and how are we dealing with these balance of arrears? Thank you.