Small banks own a significant amount of commercial real estate loans
- Thread starter Goldhedge
- Start date
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walkingnam
Predaceous Stink Bug
The fact that small banks possess a great deal of mortgages should not be a surprise to people. After all the small banks are the S & L's which were formed to provide a means for working class people to own a home. We need them but not a woke agenda for granting mortgages. The guiding principle should be credit worthiness of the mortgagee and not a social agenda where all or some having a mortgage that they can't afford. We saw that policy flounder during the mortgage crisis of a few years ago.
Charlie Munger says the U.S. commercial property market is in trouble: FT report
Charlie Munger believes there is trouble ahead for the U.S. commercial property market.
Munger bringing attention to the issue will likely broaden the scope of awareness. Will it help or hurt the banking sector?
walkingnam
Predaceous Stink Bug
President Biden wants high credit rated individuals to subsidize the lending of less credit worthy individuals. Evidently he doesn't remember the housing marker crash of a few years ago. It was not good practice back then and probably will not be well received today.