Month: September, 2008

GSEs: Too many powers: Part 2, catching the bus

16 September, 2008 (08:44) | Capital markets, GSEs, Policy, Subprime, US News | No comments

[Continued from yesterday's Part 1.]

 
Yesterday’s chronicle of the GSEs’ takeover by Treasury’s conservatorship, using as our principal text a lengthy if jumbled New York Times account, had reached the point of the landmark legislation that Treasury Secretary Henry Paulson thought – and for that matter, I thought – would clearly signal to the marketplace that [...]

GSEs: Too many powers: Part 1, chasing the bus

15 September, 2008 (08:35) | Capital markets, GSEs, Policy, Subprime, US News | No comments

[Commencing with last week's How We Got Here post, I expect to put up one weekly installment (sometimes multi-part as circumstances warrant) about the GSEs, every Monday morning for the indefinite future.  The GSEs' situation is without precedent in American or global history, and warrants as much public scrutiny and evaluation as we can collectively [...]

Microfinance and the housing value chain: Part 2, tweak what you do now

12 September, 2008 (08:29) | Education, Global, Housing, Innovations, Microfinance, Primer Posts | No comments

Yesterday’s post on my experience teaching a brand-new course, Mortgages for the Poor; An Overview of Products and Supporting Infrastructure at the world-famous Boulder Microfinance Training Program (MFT), brought us to the point of wanting to follow the customer. 

Whoever gets the customer first, wins!
 
The MFI customer needs and wants a housing-finance product, because traditional microfinance [...]

Microfinance and the housing value chain: Part 1, follow your customer

11 September, 2008 (08:35) | Education, Global, Housing, Innovations, Microfinance, Primer Posts | No comments

Somewhere in The Moon is a Harsh Mistress, Heinlein describes his intellectual hero Professor Bernardo de la Paz working as an itinerant teacher on the Moon, teaching anything to anybody, by reading up furiously and staying a few weeks ahead of his syllabus.  It was with something not entirely dissimilar that I put together, and [...]

The truth about rental

10 September, 2008 (08:50) | Housing, Politics, Primer Posts, Rental, Tenure | No comments

Yesterday’s post about the prejudices against rental naturally invites the question, what is true about rental?

A.         Rental is always disfavored in political resources. 
 
You wouldn’t find the answers in a 1922 booklet by M. W. Folsom, “The Facts about Home Owning“, from A Home of Your Own.
 

Rental always wishes it got as much political love as [...]