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Monday, October 20, 2014 7:47:48 AM
At same time - letting the mortgage lender off the hook when they sell paper to F and F is the beginning of bad practices
At same time - it is fun to see because as I said
If I were a private money company interested in being a private sector F and F - and the barrier for suing lenders is raised like this - I might not get in
Try getting private alternatives to F and F when the buyer of the mortgages can not get money back on a whole bunch of paper that they could get money back on before
Just saying - it cuts a lot of ways
Good for economy right now
Inflate prices of houses (ok to an extent?)
Make buying loans and creating MBS paper riskier (as a whole category of potentially bad paper is now paper that F and F can not puruse the lender on)
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