Search Results - "Wachter, Susan"

The Housing and Credit Bubbles in the United States and Europe: A Comparison by WACHTER, SUSAN

“…A house price boom occurred simultaneously in the United States and in a number of European countries from 2003 to 2007, accompanied in each case by an…”
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Why do young adults coreside with their parents? by Acolin, Arthur, Lin, Desen, Wachter, Susan M.

“…Nearly one in every two adults aged 18–29 currently lives with their parents, compared to slightly more than one in four in 1960. The literature focuses on…”
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Climate risk in mortgage markets: Evidence from Hurricanes Harvey and Irma by Gete, Pedro, Tsouderou, Athena, Wachter, Susan M.

“…Using the Credit Risk Transfers (CRTs) issued by Fannie Mae and Freddie Mac, we study how, absent government intervention, mortgage markets would price…”
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Immigration and the Neighborhood by Saiz, Albert, Wachter, Susan

“…Within metropolitan areas, neighborhoods of growing immigrant settlement are becoming relatively less desirable to natives. We deploy a geographic diffusion…”
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Global food prices and domestic inflation: some cross-country evidence by Furceri, Davide, Loungani, Prakash, Simon, John, Wachter, Susan M.

“…We study the impact of global food price shocks on domestic inflation in a large group of countries. For advanced economies, a 10% increase in global food…”
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Lending competition, regulation, and nontraditional mortgages by Acolin, Arthur, An, Xudong, Wachter, Susan M.

“…We examine the factors that determine the likelihood of borrowers using nontraditional mortgages (NTMs) prior to the Great Recession. Borrower choice depends…”
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The price effects of greening vacant lots: How neighborhood attributes matter by Lin, Desen, Jensen, Shane T., Wachter, Susan M.

“…We identify the effects of greening vacant lots on nearby housing prices and show how neighborhood attributes matter to these outcomes. Using data from a…”
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Explaining the housing bubble by Levitin, Adam J, Wachter, Susan M

“…There is little consensus as to the cause of the housing bubble that precipitated the financial crisis of 2008. Numerous explanations exist: misguided monetary…”
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Accessing Homeownership With Credit Constraints by Acolin, Arthur, Goodman, Laurie, Wachter, Susan M.

“…The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United…”
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Subprime Lending and Real Estate Prices by Pavlov, Andrey, Wachter, Susan

“…This article establishes a theoretical and empirical link between the use of aggressive mortgage lending instruments, such as interest‐only,…”
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Price Discovery Limits in the Credit Default Swap Market in the Financial Crisis by Pavlov, Andrey, Schwartz, Eduardo, Wachter, Susan

“…We derive the credit default swap (CDS) premium a financial institution requires to assume the default risk of fixed income instruments and the maximum premium…”
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Mortgage Risk Premiums during the Housing Bubble by Levitin, Adam J., Lin, Desen, Wachter, Susan M.

“…How did pricing for mortgage credit risk change during the years prior to the 2008 financial crisis? Using a database from a major American bank that served as…”
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The American Mortgage in Historical and International Context by Green, Richard K., Wachter, Susan M.

“…The U.S. mortgage before the 1930s would be nearly unrecognizable today: it featured variable interest rates, high down payments and short maturities. The…”
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Why the ability-to-repay rule is vital to financial stability by McCoy, Patricia A, Wachter, Susan M

“…Following the 2008 financial crisis, Congress required residential mortgage lenders to make a reasonable determination of borrowers' ability to repay before…”
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REAL ESTATE AND THE GREAT CRISIS: LESSONS FOR MACROPRUDENTIAL POLICY by Duca, John V., Popoyan, Lilit, Wachter, Susan M.

“…Credit conditions have caused real estate booms and busts, owing to an underpricing of credit risk aided by regulatory arbitrage and shadow financing. Across…”
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REIT Capital Structure Choices: Preparation Matters by Pavlov, Andrey, Steiner, Eva, Wachter, Susan

“…Sun, Titman and Twite find that capital structure risks, namely, high leverage and a high share of short‐term debt, reduced the cumulative total return of U.S…”
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The Consequences of REIT Index Membership for Return Patterns by Pavlov, Andrey, Steiner, Eva, Wachter, Susan

“…The impact of stock market index membership on Real Estate Investment Trust (REIT) stock returns is unclear. Returns may become more like those of other…”
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Endowments and Minority Homeownership by Acolin, Arthur, Lin, Desen, Wachter, Susan M.

“…Fifty years after the adoption of the 1968 Fair Housing Act that prohibits discrimination in the housing market, homeownership rates have not increased for…”
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THE MARKET STRUCTURE OF SECURITISATION AND THE US HOUSING BUBBLE by Wachter, Susan

“…Housing finance and, specifically, the subprime private label securitisation market in the US, was at the epicentre of the global financial crisis. Excessive…”
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Homeownership and Nontraditional and Subprime Mortgages by Acolin, Arthur, An, Xudong, Bostic, Raphael W., Wachter, Susan M.

“…This article documents the growth and geographic distribution of nontraditional mortgages (NTMs) and subprime mortgages during 2000-2006, and examines the…”
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