Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday's Part 1.]
Yesterday’s post opened the topic of payday lending as exploitive microfinance, designed not to maximize the borrower’s well-being but rather to hold that borrower on the razor’s edge of permanent default, as illustrated by this article from the Washington Post:
Meanwhile, big companies are muscling into a sector that [...]
By: David A. Smith
In business, does motivation matter? Or are markets sufficiently rational that our apologias are meaningless, and we should be judged exclusively by our actions? This philosophical question lies submerged under every new lender and loan product, for every action – extending or denying credit, charging too high a rate – can be [...]
By: David A. Smith
Last week in Washington, as part of the World Habitat Day activities, AHI – in partnership with the National Housing Conference as host and the Housing Partnership Network as a co-sponsor – issued and discussed the Extract of our report, Mission Entrepreneurial Entities: Essential Actors in Affordable Housing Delivery.
It’s all about [...]
By: David A. Smith
If no one wants your pile of booty, perhaps you should try shaking things up At first blush, that appears to be the strategy behind the proposed remixing of Real Estate Mortgage Investment Conduits (REMICs), as presented in a recent Wall Street Journal article:
I’m gonna shake it up
Once upon a time, [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
As we saw in yesterday’s post, policing is more effective and more civilized if it is preventive, a role played by the cop on the beat since first sentries walked their posts.
Twirling a jaunty billy club
In earlier times, policing was preventive (discouraging crime) or even pre-emptive (rounding up [...]
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