September 6, 2011
Dear Sir,
Any new rule or regulation which hampers internally managed Mortgage Reits would damage retired citizens who are already suffering from government policies keeping interest rates low. Indeed, all savers would be damaged.
Further, the housing market could be adversely affected as the Mortgage market would be less liquid and non-government financing for mortgage instruments would dry up.
Please consider the damage you will do with unwarranted intervention.