RE:RE:RE:New Business PlanThat comment makes me wonder if you even understand the difference beteween insured and un-insured mortgages. No market for them? The bail in package make insured mortgages to big banks really no different than unisured.... infact it makes them higher risk.
An uninsured mortgage with 20-40 equitity is worth WAY more that a 5% insured mortgage no matter what valuation you use. And they can buy mortgages that dont fit their lending practices.... they just cant issue them. BIG difference :)