Wow. Do you own your own home? Ever hear of HUD? Fannie Mae? Freddie Mac?
Of course we had to bail out the S & L's years ago...
Different program. That was FSLIC. Sort of like FDIC. You do know what FDIC is, don't you?
Sorry, momentary brain fart. I used conventional mortgages so mine are not federally guaranteed I assume.
If the feds are dumb enough to insure those, like I said, current programs should handle it.