and IMO Putting aside the 97% (as PMI will somehow be involved IMO)
but focusing on the cases and situations and types of borrowers where F and F will not be able to puruse the originator if loans sour
what do you think
is this not a negative for getting private money folks to be a FandF
which is good for us equity holders - if we STRETCH and STRETCH and guess that maybe Mel and LEW and BO know this disincenive but are going ahead I Hope and wonder because F and F will be around as part if the not the largest part of future bundling and MBS production - as a non conservator private company we own