Affordability, Financial Innovation, and the Start of the Housing Boom
Jane K. Dokko, Benjamin J. Keys, Lindsay E. Relihan

Credit Risk Transfer, Informed Markets, and Securitization
Susan M. Wachter

Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging
Marco Di Maggio, Amir Kermani, Benjamin J. Keys, Tomasz Piskorski, Rodney Ramcharan, Amit Seru, Vincent Yao

Credit Risk, Informed Markets, and Securitization: Implications for CRT and GSEs
Susan M. Wachter

Accessing Homeownership With Credit Constraints
Arthur Acolin, Laurie Goodman, Susan M. Wachter

Why are aggressive mortgage products bad for the housing market?
Andrew Davidson, Alex Levin, Andrey D. Pavlov, Susan M. Wachter

What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders
Patrick Bayer, Fernando Vendramel Ferreira, Stephen L. Ross

Borrowing Constraints and Homeownership over the Recent Cycle
Arthur Acolin, Jesse Bricker, Paul S. Calem, Susan M. Wachter

Homeownership and the Use of Nontraditional and Subprime Mortgages
Arthur Acolin, Raphael W. Bostic, Xudong An, Susan M. Wachter

CMBS and Conflicts of Interest: Evidence from a Natural Experiment on Servicer Ownership
Maisy Wong

Second Liens and the Leverage Option
Adam J. Levitin, Susan M. Wachter

A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
Fernando Vendramel Ferreira, Joseph Gyourko

HECM Reverse Mortgages: Is Market Failure Fixable?
Jack Guttentag

Second-Liens and the Leverage Option
Adam J. Levitin, Susan M. Wachter

The Housing and Credit Bubbles in the US and Europe: A Brief Comparison
Susan M. Wachter

Credit Supply and Housing Prices in National and Local Markets
Susan M. Wachter

Transparency in the Mortgage Market
Andrey D. Pavlov, Susan M. Wachter, Albert Alex Zevele

The Vulnerability of Minority Homeowners in the Housing Boom and Bust
Patrick Bayer, Fernando Vendramel Ferreira, Stephen L. Ross

The Commercial Real Estate Bubble
Adam J. Levitin, Susan M. Wachter

Second Discussant Comment on “The Future of U.S. Housing Finance Reform”
Susan M. Wachter

Mortgage Default Option Mispricing and Procyclicality
Andrew Davidson, Alex Levin, Susan M. Wachter

Unemployment and Unobserved Credit Risk in the FHA Single Family Mortgage Insurance Fund
Joseph Gyourko, Joseph Tracy

Perspectives on the REIT Industry
Samuel Zell

The Past, Present, and Future of CMBS
Sam Chandan

What Next for Housing Finance?
Adam J. Levitin, Susan M. Wachter

The Public Option in Housing Finance
Adam Leviti, Susan M. Wachter

Why Housing?
Adam J. Levitin, Susan M. Wachter

The Housing Bubble
Adam J. Levitin, Susan M. Wachter

The Rise, Fall, and Return of the Public Option in Housing Finance
Adam J. Levitin, Susan M. Wachter

Housing Busts and Household Mobility: An Update
Fernando Vendramel Ferreira, Joseph Gyourko, Joseph Tracy

Commercial Real Estate Capital Markets
Bowen H. McCoy

Information Failure and the U.S. Mortgage Crisis
Adam J. Levitin, Susan M. Wachter

Implications of the Housing Market Bubble for Sustainable Homeownership
Paul S. Calem, Leonard Nakamura, Susan M. Wachter

Explaining the Housing Bubble
Adam J. Levitin, Susan M. Wachter

Forces Influencing the Housing Market Recovery
Kenneth T. Rosen

Revenue Costs and Incentive Effects of the Mortgage Interest Deduction for Owner-Occupied Housing
James Potherb, Todd Sinai

Can Cheap Credit Explain the Housing Boom?
Edward L. Glaeser, Joshua D. Gottlieb, Joseph Gyourko

Anatomy of a Crisis
Bowen H. McCoy

Bad and Good Securitization
Susan M. Wachter

The Great Capital Strike
Peter Linneman, Man Cho

The Need for Government Intervention to Protect and Advance the Public Interest in Consumer and Mortgage Credit Markets
Eric S. Belsky, Susan M. Wachter

Securitization: Cause or Remedy of the Financial Crisis?
Adam J. Levitin, Andrey D. Pavlov, Susan M. Wachter

Housing Busts and Household Mobility
Fernando Vendramel Ferreira, Joseph Gyourko, Joseph Tracy

Black Swans in Blue Suits
Bowen H. McCoy

Subprime Lending and Real Estate Prices
Andrey D. Pavlov, Susan M. Wachter

The Ongoing Financial Upheaval: Understanding the Sources and Way Out
Susan M. Wachter

Mortgage Product Substitution and State Anti-Predatory Lending Laws: Better Loans and Better Borrowers?
Raphael Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, Susan M. Wachter

Explaining the United States’ Uniquely Bad Housing Market
Jesse M. Abraham, Andrey D. Pavlov, Susan M. Wachter

Systemic Risk Through Securitization: The Result of Deregulation and Regulatory Failure
Patricia A. McCoy, Andrey D. Pavlov, Susan M. Wachter

Sustainable Homeownership
Paul S. Calem, Marsha J. Courchane, Susan M. Wachter

The Paradox of Commercial Real Estate Debt
Georgette Chapman Phillips

Credit Impairment and Housing Tenure Choice
Paul S. Calem, Simon Firestone, Susan M. Wachter

The Premature Pricing of Commercial Real Estate Distress
Neil Barve, Aaron Bryson, Tee Yong Chew, Wei Jin

The Subprime Mortgage Market and the Valuation of Subprime Bonds
William R. Greenberg, Brook S. Payner

Tax Expenditures for Owner-Occupied Housing: Deductions for Property Taxes and Mortgage Interest and the Exclusion of Imputed Rental Income
James Potherb, Todd Sinai

Income Tax Provisions Affecting Owner-Occupied Housing: Revenue Cost and Incentive Effects
James Potherb, Todd Sinai

The Wild Ride of Mortgage-Backed Securities
Stephen A. Roth

Anatomy of the Housing Market Boom and Correction
Kenneth T. Rosen

The Capital Markets Disarray
Peter Linneman

Incentives for Mortgage Lending in Asia
Richard Green, Roberto S. Mariano, Andrey D. Pavlov, Susan M. Wachter

Mortgage Put Options and Real Estate Markets
Andrey D. Pavlov, Susan M. Wachter

Tax Expenditures for Owner-Occupied Housing: Deductions for Property Taxes and Mortgage Interest and the Exclusion of Imputed Rental Income
James Potherb, Todd Sinai

Housing and Behavioral Finance
Christopher J. Mayer, Todd Sinai

Net Worth and Housing Equity in Retirement
Todd Sinai, Nicholas S. Souleles

Subprime Lending and House Price Volatility
Andrey D. Pavlov, Susan M. Wachter

The Housing Finance Revolution: Implications for the Subprime Market
Richard K. Green, Susan M. Wachter

How Rising Housing Prices Have Stimulated U.S. Consumption
Anthony Downs

Aggressive Lending and Real Estate Markets
Andrey D. Pavlov, Susan M. Wachter

State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms
Susan M. Wachter, Raphael Bostic, Kathleen Engel, Anthony Pennington-Cross

Bank Lending and Real Estate in Asia: Market Optimism and Asset Bubbles
Winston T.H. Koh, Roberto S. Mariano, Andrey D. Pavlov, Sock Yong Phang, Augustine H. H. Tan, Susan M. Wachter

Real Estate Crashes and Bank Lending
Andrey D. Pavlov, Susan M. Wachter

Housing’s Changing Role in the Business Cycle
Susan M. Wachter, Mark Zandi

Diverging Values and Fundamentals: A Phase or A Transformation?
Charles F. Lowrey

Bank Lending and Real Estate in Asia: Market Optimism and Asset Bubbles
Winston T.H. Koh, Roberto S. Mariano, Andrey D. Pavlov, Sock Yong Phang, Augustine H. H. Tan, Susan M. Wachter

Two Decades of Multifamily Financing
Donald S. Bradley, Frank E. Nothaft, Michael A. Schoenbeck

Housing’s Virtuous Cycle
Mark M.Zandi

Defaults in Securitized Real Estate Loans
Georgette Chapman Poindexter

Does Credit Quality Matter for Homeownership?
Irina Barakova, Raphael Bostic, Paul S. Calem, Susan M. Wachter

Determinants of Commercial Mortgage Choice
Timothy J. Riddiough

Subordinated Rolling Equity: Analyzing Real Estate Loan Default in the Era of Securitization
Georgette Chapman Poindexter

The Evolution of Real Estate in the Economy
Dapeng Hu, Anthony Pennington-Cross

Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options
Yongheng Deng, John M. Quigley, Robert Van Order

The Hazard Rates of First and Second Default
Brent W. Ambrose, Charles A. Capone