tag:blogger.com,1999:blog-7464708.post3054542829646147502..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: New Regs Hurt the PoorMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7464708.post-50982244158115487002010-12-28T20:15:00.579-05:002010-12-28T20:15:00.579-05:00In mortgage pools, anon, it appears to have not wo...In mortgage pools, anon, it appears to have not worked very well.Shawnhttps://www.blogger.com/profile/05093170309806260127noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-14914725232112263052010-12-28T10:20:34.465-05:002010-12-28T10:20:34.465-05:00"calculating risk is pretty much impossible&q..."calculating risk is pretty much impossible"...so then is the whole field of actuarial science irrelevant? The actuaries of the world, who by the way are smarter than just about anybody, might disagree.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-57496523675027688022010-12-28T09:07:41.816-05:002010-12-28T09:07:41.816-05:00though, haven't we learned that mortgage pools...though, haven't we learned that mortgage pools don't work? at least, as they're currently designed, calculating risk is pretty much impossible.Shawnhttps://www.blogger.com/profile/05093170309806260127noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-32152160657032764082010-12-28T09:02:53.338-05:002010-12-28T09:02:53.338-05:00[a prepayment penalty] "prevents the mortgage...[a prepayment penalty] "prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time."<br /><br />can't believe I never considered that. great point.Shawnhttps://www.blogger.com/profile/05093170309806260127noreply@blogger.com