Category: Housing finance

Six words to AHI’s philosophy: Part 3, formalize informality

21 September, 2012 (10:00) | AHI, Essential posts, Global news, HALF, Housing, Housing finance, Informality, MEEs, Microfinance, Slum upgrading, Slums, Theory, Urbanization, World Bank |

By:David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   As I had shown so far in my fifteen minute talk at the World Bank’s Fifth Global Housing Finance Conference in Washington DC (here’s the full presentation, link in pdf), informality is the norm in rapidly growing global-south cities.  So […]

Six words to AHI’s philosophy: Part 2, underwrite durability

20 September, 2012 (10:00) | AHI, Essential posts, Global news, HALF, Housing, Housing finance, Informality, MEEs, Microfinance, Slum upgrading, Slums, Theory, Urbanization, World Bank |

By:David A. Smith   [Continued from yesterday’s Part 1.]   Back in late May, at the World Bank’s Fifth Global Housing Finance Conference in Washington DC, I had fifteen minutes to describe AHI’s theory of impact in housing finance and slum upgrading, and somehow I managed to distill my full presentation (link in pdf) into […]

Six words to AHI’s philosophy: Part 1, underwrite informality

19 September, 2012 (12:34) | AHI, Essential posts, Global news, HALF, Housing, Housing finance, Informality, MEEs, Microfinance, Slum upgrading, Slums, Theory, Urbanization, World Bank |

By:David A. Smith   A month ago, at the World Bank’s Fifth Global Housing Finance Conference in Washington DC, I delivered (link in pdf) what may prove the most significant talk I’ve ever given.   Six words and then some   The talk was important not precisely for its content, although that will be the […]

Value chain growing pains?

8 July, 2009 (10:00) | Appraisals, Fannie Mae, Freddie Mac, GSEs, Housing finance, Innovations, Markets, Subprime, US News, Value chain | 2 comments

You’ve got to try harder In the aftermath of the subprime meltdown, fingers are being pointed every which way, among them at the appraisal community, which led to a systemic change brought about by new York’s aggressive Attorney General, Andrew Cuomo, who pressured the GSEs into an agreement about which I recently posted: [The Home […]

Driving through the rear-view mirror: Part 2, info over the transom

24 June, 2009 (09:39) | Appraisals, Fannie Mae, Housing finance, Innovations, Subprime, US News, Value chain |

[Continued from yesterday’s Part 1.] In yesterday’s exploration of the changing appraisal world, using an interesting Wall Street Journal article, we’d identified the intrinsic challenge of appraisal – having to simulate a forward-looking market by using exclusively backward-looking evidence from past sales. Called upon to appraise a pending sale, the appraiser is in a really […]