Category: Borrowing

True confessions of a risk-a-holic

2 December, 2011 (09:00) | Borrowing, Finance, Foreclosure, Homeownership, Lending, Workouts |

By:David A. Smith   Seduced – the terrible story that MUST be told   Something about the confessional story appeals to our prurient and vicarious interests; we enjoy wallowing in another’s misfortunes, clucking at the foolish choices our hero or heroine makes, and generally enjoying, with a thrill of peril avoided, hearing how our wayward […]

The subprime lenders that worked: Part 3, more why

31 May, 2007 (09:58) | Banks, Borrowing, Consumer protection, Subprime |

[Continued from the previous Part 1 and Part 2.] Not only (as we saw two days ago) have the state housing finance agencies been able to lend in the subprime marketplace without experiencing high rates of default, we can also trace their lower defaults to specific structural elements in their business approach. Yesterday I listed […]

The subprime lenders that worked: Part 2, why

30 May, 2007 (08:59) | Banks, Borrowing, Consumer protection, Subprime |

Yesterday — All my blog posts seemed so far away — we saw, in an era when national multi-billion dollar subprime lenders could collapse seemingly overnight, one category of lender — the state housing finance agencies — has been working in the same space, with the same target customers, in the same period of time, […]

The subprime lenders that worked: Part 1, who

29 May, 2007 (11:10) | Banks, Borrowing, Consumer protection, Subprime |

Amid all the stories about the subprime sector’s troubles, Gloom! Doom! Film at eleven! a remarkable finding — a whole group of subprime lenders whose loans have done well — has gone largely and curiously unnoticed. I’m modest about my accomplishments Who are these heroes? As presented in this Standard and Poor’s report — the […]