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  • Comment Detail

  • Date: 06/24/20
    First Name: Paul
    Last Name: Cheung
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA95

  • Comment

    Total bailout in 2008 was $180B. At that time, there were messy sub-prime loans and alt-A loans.

    Now, the GSEs have implemented improvement measures such as the Credit Risk Transfer and robust credit scoring system. There is no more sub-prime or alt-A loans. The capital requirement should be far less than $180B. Higher than required capital will imply unnecessary higher mortgage interest rate to the mortgagee.