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?
> 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?
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.