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Journal Article
Strategies for selling smaller pools of loans
Proceedings of the Conference on the Secondary Market for Community Development Loans <p> In September 2006, the Federal Reserve hosted a conference on secondary markets for community development loans. A theme that emerged was that techniques, programs, and structures that work for large loans do not necessarily work for small ones. In this article, I briefly outline why smaller deals can be more difficult to finance, and describe two ways in which the Community Preservation Corporation (CPC) has used unrated transactions to overcome these obstacles. Finally, I suggest that a broad secondary ...
Journal Article
Leverage: securitizing community development construction loans