So $26B in holdings to insure $1.372T in outstanding mortgages, that seem pretty low but since the taxpayers will cover the rest, I guess it's fine to continue handing out subprime mortgages.
You would prefer if there was not such an insurance system required for home owners putting less than 20% down?
I know I would. It would be like the 90's again where banks had to only loan out to people who they thought wouldn't default.