This sounds good, but I don’t fully grasp the covered loan aspect. So the bank is required to sell a matching bond on the open market. What’s the difference between the rate on mortgage and the rate on the on bond? Is it also matched or just the principal? Does that make the interest a wash for the bank, so that their primary motivator is fee collection?

Dang I’m in a northern climate and though we get them occasionally I’ve never seen anything like what people have been posting. Typically I see green and blue dancing waves, but this looks like a full sky, full color gradient. Looks absolutely amazing!

And I’m sure there was nothing going on there but well paying jobs for the local inhabitants. What a cool guy.