>
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"The paper also details steps to protect consumers from unfair
> mortgage practices and ensure that federal aid for low-income
> borrowers is more effective".
>
> That's a pretty fair description of what got us into this mess in the first place.
You're not qualified to know.
If anything, if the private mortgage business had been more like the federal agencies, the problem wouldn't have gotten so bad, and one way we know this is by comparing the lower default rate of Freddie and Fannie mortgages vs. the higher default rate for private mortgages. And don't ignore the lack of federal regulation of mortgage derivatives.
You need to get your fact straight. This will help, unless you're stupid or crazy:
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