If the government further tampers with the situation in any way, the problem will only be exacerbated. 

What would be the biggest challenges or hurdles to making it happen (e.g. infrastructure, safety, government support)?

I never like working with government entities and their bureaucracy. 

And since mortgage lending for these loans was handled pre NMLS by real estate brokers.. there is a disclosure form right on the state department of real estate website that gets printed off and describes the process and you add in all the investors in this one doc for all investors to get a copy of ..  

A conventional loan by definition is a loan that is not an insured government loan.

I am mostly local, using driving for dollars, reverse driving for dollars, and government lists. 

Treasury bonds, which are issued by the United States federal government.

Still, maybe if I can find a printed version at the library I might be able to do something along that line.Thanks for the idea.

The investment is very risky, especially given that Paraguay's credit rating is junk and (even for lending to the government) so investing  there would be reckless for most investors any you would have to make that very clear, possibly in contradiction with your pitch deck.2.

The podcast you mention is referencing (i) Freddie Mac Small Balance Loans ("SBL"), and (ii) Fannie Mae Small Loans, which are essentially government-backed CMBS loans.