Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday's in Part 1.]
In yesterday’s post, we compared the public pronouncements of two enormous governmental lenders whose financial viabiltiya nd liquidity are in question: FHA in the US, from the New York Times (in plain text) and the World Bank, from the UK Telegraph (in indigo palatino). The World Bank, [...]
By: David A. Smith
Can a government bank fail?
Something a little less visible than that
In the space of a week, that question’s surfaced about two governmental banks – FHA in the US and the World Bank – in stories in the New York Times (which I’ll excerpt in plain text) and UK Telegraph (in indigo [...]
By: David A. Smith
[Continued from yesterday's Part 1].
Yesterday’s post dismantled a slightly fear-mongering Wall Street Journal suggesting that FHA’s net worth would fall below the statutorily mandated 2%, and if so, that FHA would need a ‘bailout.’ In fact it does seem that FHA’s portfolio is under stress, with delinquencies up from 5.4% to 7.8%, [...]
By: David A. Smith
Every lender faces the challenge of setting credit policies: tight but not too tight.
That’s too tight
Too tight and the lender loses market share. Not tight enough and the additional market share acquired turns into loan losses that sink the lender.
A public-policy lender faces the same dilemma but in reverse: liberal but not [...]
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