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You did. > if it ONLY wrote mortgages > Don't allow reselling mortgages If a bank only write mortgages and can't sell them what else do you expect them to se
by esoterica 7y ago
You did.
> if it ONLY wrote mortgages
> Don't allow reselling mortgages
If a bank only write mortgages and can't sell them what else do you expect them to sell? The office chairs?
- stretchwithme 7y agoI see what you're saying. My purpose there was to keep government or off budget government entity or corporation from buying any mortgages. I have no problem with selling an asset, as long as government is not subsidizing bad practices by assigning an unrealistic value to something that is fraught with risk. Selling a mortgage to private investors is not a problem.