Great points, we've missed your insights lately, that's why we jacked up the price yesterday, to get your attention!
Having skin in the game is another hard won lesson from the GFC, to some extent the lenders have warranted that the loans meet DUS standards and can be forced to buy back the "garbage loans".
As I recall, during the GFC, the Mortgage Insurers for loans with LTVS between 80-100 were going belly up left and right, I can see that as a regulator MC and the Fed are concerned about the nontransparency of the nonbanks!
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