Fannie almost pink sheet... Well, well, well... never been that close to bankruptcy... That will be about 100 times Lehmann brother damage... Ooops. Who has got the nuclear detonator?
If mortgages are "standardized", would that also mean that housing itself would have to be standardized such that all future home dwellings are the same......Every town becomes a Levittown?
Unlikely. Each mortgage would have to be underwritten to determine its probability of being repaid and therefore its "value".