How Broken Is the Mortgage Market?

The transcript discusses the challenges in regaining private capital due to trust issues among investors, services, and originators. It highlights the need to loosen lending standards to boost mortgage origination volume. The blame for the financial crisis is shared among various parties, including banks, regulators, and brokers. The debate on eminent domain as a solution for underwater mortgages is critiqued, with emphasis on localized issues and potential investor losses. The transcript concludes with investor perspectives on mortgage investments and the outcomes of holding them over time.

What are the basic concepts that have yet to be fixed in the business according to the text?

Why do investors not trust services, as mentioned in the text?

What was the downward spiral in mortgage origination volume mentioned in the text?

What does the speaker imply about the blame for the mortgage crisis?

What is the significance of the 10.7% of homes still having negative equity?

What was the proposal made by the CEO of San Bernardino County regarding loans?

How did the investors react to the idea of eminent domain during the meeting?