[bormaj]

> And to be clear, nobody learned the lesson.

This is not true. The mortgage lending pipeline is quite different today compared to pre-GFC. There is considerably more due diligence required by lenders and banks in order to back loans. Conventional loans backed by the GSEs these days have a much higher quality control. If the originating lender lied to push the loan through or didn't due diligence, they'd be on the hook for paying the defaulted principal.

> The Trump administration is going to defang CFPB and probably bring Fannie and Freddie out of conservatorship.

I'm not aware of any chatter on the former and the latter is becoming discussed quite frequently. Though I'm not sure the GSEs are interested in a GFC 2.0

> Another mortgage meltdown is a predictable outcome of this and I would expect it around 2032.

These days I would be more concerned about private credit than the mortgage market...