The Chelan Real Estate Blog says a speech by Dr. Mark Dotzour, Chief Economist of the Texas Real Estate Center and keynote speaker at the Manufactured Housing Institute’s (MHI) Congress in April, states the economy has yet to hit bottom.  He says the extensive government intervention has prevented the economy from improving, and the incredible debt from all the intervention programs continues to stymie the recovery.  Regarding the 20 percent mortgage down payment requirement, Dr. Dotzour is quoted as saying, “As long as banks are responsible for the risks they take, and not taxpayers, I don’t care what down payment they require.  Contrary to Dodd-Frank, I don’t think it is any of the government’s business.  If the government would get out of the market, the market could finally recover.  Would it be disruptive, absolutely!  But, we would end up with a healthy, thriving market.”  In his speech at the MHI Congress, Dotzour compared the federal government to a Yellow Labrador: it’s always wagging its tail and always happy, but it’s full of fleas and ticks as big as water balloons.