Mortgage malaise

In a recent blog post, Minister Khaw Boon Wan urged HDB home owners to get mortgage insurance so that they do not leave their families in the lurch.
The Independent dug deeper to see how other countries handle such matters.
The Unites States, for example, has set up a Federal Housing Administration (FHA) to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market.
The key question is, why is our government not doing the same? How difficult is it to collect the insurance premiums while collecting conservancy fees, or better still underwrite them? Isn’t the government creating a riskier environment for both the home owners and the lenders?