Should the gov't repeal Garn St. Germain?

Aside from being a benefit to investors (hey I'll take over your payments without having to resort to Trusts/Assignment of interests and other confusing things) it would give home owners and even realtors a much wider pool of buyers. Since I'm more apt to find a buyer, I'm less apt to have to lower the price of my home thousands of dollars.

Now obviously the already existing notes would not be affected, I'm thinking about notes going forward.

Or is this like the short sale scenario where the bank will refuse to negotiate for it's own good? Based on my own and others' experience I no longer believe banks will take the logical course of action, even in this day and age when it might mean their survival.

Whatcha think? Pros? Cons?