Thanks run75411.

Housing policy is an interest of mine. It's interesting that daystar is griping about the GSEs. I never understand these critiques; yes, they benefit from special "charter" privileges that give them a monopolistic edge, but they are about the only piece of the financial system ensuring the liquidity of the residential mortgage market at the moment.

And the sophistication of our secondary market is (arguably) one of the reasons homeownership is so prevalent in the US--we've been a model for other countries to emulate.