It's just that you seem to think that shifting the entirety of the origination apparatus under Ginnie Mae is something that can happen at the drop of the hat. I would like you inform you that that is far from the reality.
that's why it matters. see when realities start to impact these scenarios all these pie in the sky thoughts about receivership and recap without due compensation for all stakeholders just go up in smoke.
Ask me to define due compensation.
ok - the gov't has to cut a fucking check.
if you'd like to understand how the various charters that the GSEs doll out and who owns those charters and what's revocation of those charters may do... well that is a longer discussion on which I'm not going to spend time on - it's all public so go to town, but your pontifications about how easy these things are to do.. are simply laughable.
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