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Why Mortgages Shouldn’t Have a Federal Guarantee

Notwithstanding the recent collapse of our government dominated housing finance system, the housing lobby is once again trotting out the usual arguments for all-encompassing federal guarantees: All homebuyers should be able to obtain high-loan-to-value mortgage loans on all houses in all areas of the country in all market conditions.

via Why Mortgages Shouldn’t Have a Federal Guarantee – Economic Intelligence (usnews.com).

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