tag:blogger.com,1999:blog-53246864840716464.post6279923207586632086..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: 97% of All U.S. Mortgages are Backed by the GovernmentUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-53246864840716464.post-70730257308693819492011-03-02T18:51:56.064-08:002011-03-02T18:51:56.064-08:00100% of mortgages in Canada are Government backed ...100% of mortgages in Canada are Government backed by the CMHC. The lending institutions are at no risk if Canadian house prices tank. Nice work if you can get it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-51281726286577539272011-03-02T15:11:38.296-08:002011-03-02T15:11:38.296-08:00If I was King for a day, I'd take over F&F...If I was King for a day, I'd take over F&F, put the CEOs in jail and reclaim the lion's share of the interest on those mortgages. If 97% of all outstanding mortgages are backed by the people of the United States then the people should reap nearly all the profit. Take that profit and return it to all citizens through fixing up our crumbling infrastructure and ending high unemployment. That's what I'd do on the first day. Now on the second day.....Unknownhttps://www.blogger.com/profile/13546208170365189245noreply@blogger.com