You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.

Summary

This quote suggests that while it is possible to create an alternative mortgage system without institutions like Fannie Mae and Freddie Mac, certain guiding principles must be in place to ensure an effective system. It implies that a well-designed mortgage system should prioritize these principles, which are not specified in the quote. The underlying idea is that regardless of the specific components or players involved, a successful mortgage system should adhere to certain fundamental principles to function properly and meet society's needs.

Topics