Many conservatives argue that the United States is one of the only countries in the world that provides government guarantees in its mortgage system. That’s simply just not true. Here’s a look at how many government around the world back mortgages, helping the global middle class.

(Source: americanprogress.org)

About 8 MILLION Americans are current on their mortgage payments, but are “underwater”. This means they owe more than what their home is worth. With help from the federal government, many families who currently have “underwater” mortgages can instantly lower their mortgage payments by about $2,600 a year.

(Source: americanprogress.org)