Friday, February 21, 2014 10:21:39 PM
I have personally felt that some sort of fee or tax could be added to all newly securitized mortgages that would be deposited into a protective government-backed emergency fund. Even at a nominal percent, quick math would suggest that it may take a long while to adequately capitalize such a fund (assuming 5% of 5T is determined sufficient). I guess it then becomes an issue of fund reserves vs. predicted housing downturn, which should be many years from the current one. In any case, as you eloquently state, there's no reason that FnF can't participate as both insurer and securitizer--assuming they ever get to recapitalize their companies.
I appreciate the response. Cheers.
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