Welcome to Federal Credit Fridays! The U.S. government is one of the largest lenders and credit guarantors on earth. Its portfolio is estimated at over $3.6 trillion, as measured by loan assets and the face value of loan guarantees. The government uses credit for a wide variety of policy missions, including housing, higher education, small businesses, rural and urban economic development, infrastructure, and export promotion, among others. This podcast will familiarize you with the vast world of federal credit, and we hope that you’ll learn about similarities and differences between these programs as well as the importance of their work to achieving policy missions within the framework of public-private collaboration.
In today’s podcast, Samuel Seong, a senior manager at Summit Consulting, discusses credit subsidy reestimates for large, individual loans. He is an expert in performing large numbers of annual reestimates for federal credit programs and has been serving and leading engagements that extend loans for federal infrastructure projects for almost 10 years. Listen below and let us know what you think.