Mortgages - Publications - Faculty & Research

01 Jun 2009
News

Setting the Legislative Agenda

shadow financial system. Create a new system for federal and state regulation of mortgages and other consumer credit products. Create executive pay structures that discourage excessive risk taking. Reform the credit rating system. Make... View Details

Keywords: Credit Intermediation and Related Activities; Finance; Administration of Economic Programs; Government

19 Aug 2021
News

A Letter to My White Friends and Colleagues

am asking whites to make deposits up to $250,000 in Black-owned banks. At that level, it is completely insured by the federal government, so there's no risk. The reason is because Black-owned banks send money to the Black community. What we know, statistically, is that... View Details

01 Mar 2009
News

Faculty Books

institutions. These institutions represent powerful constraints on the ability of the government to fund reforms, of firms to write contracts, and of citizens to enforce their basic rights. Borrowing to Live: Consumer and Mortgage Credit... View Details

Keywords: Telecommunications; Information; Management, Scientific, and Technical Consulting Services; Professional Services

Web

Buy Now, Pay Later: Research Links - Secondary Resources

Manuscript Collections Printed Collections Visual Collections Secondary Resources Credits Bacheller, Irving. Keeping up with Lizzie; Charge It (New York: Harper & Brothers, 1911 and 1912). Full text available as a networked resource. Darrow, Edward N. A Treatise on... View Details

01 Apr 2008
First Look

First Look: April 1, 2008

briefly discussing how mortgages were structured and traded in the pre-1990 period, it describes subprime mortgage lending, as well as other innovative mortgages issued in the... View Details

Keywords: Martha Lagace

22 Feb 2022
Research & Ideas

When Will the Hot Housing Market Finally Start to Cool?

There were a whole lot of risk factors in the Great Recession that contributed to the collapse: It was availability of credit to subprime borrowers, the syndication of these mortgages in the residential mortgage-backed securities market,... View Details

Keywords: by Christine Pazzanese, Harvard Gazette

January 1987 (Revised March 1989)
Background Note

Note on the Pricing of Mortgage-Backed Securities

By: Jay O. Light and Jeremy C. Stein

An introduction to mortgage-backed securities, prepayment risk, and their market pricing. View Details

Keywords: Price; Debt Securities; Mortgages; Financial Services Industry

Citation

Find at Harvard

Mar 2012
Article

How to Make Finance Work

of the U.S. economy by increasing capital and liquidity requirements, reorienting the discussion around housing finance reform from keeping mortgage credit cheap to ensuring financial stability, and instituting measures that compel asset... View Details

11 Jul 2017
News

The Right Thing to Do

Whistleblower,” tells the story of Sherry Hunt, Citibank, and the frauds that caused the Great Recession. Hunt started at Citi as a mortgage quality control officer in 2004, just as the housing bubble was swelling up. She saw the company... View Details

Keywords: Constantine von Hoffman; Securities, Commodities, and Other Financial Investments; Finance; Mining (except Oil and Gas); Mining

01 Mar 2010
News

Noted & Quoted

afford to pay their mortgages but walk away from the property instead. (Boston Globe, December 22, 2009) “How predictable was it five years ago that probably well over 90 percent of pictures are taken off smartphones?” — Jim Balsillie... View Details

Keywords: Educational Services; Information

Portrait Project

Cordelia Shackleton

“Please come up to the fifteenth floor” said my boss. “OK” I said, and I hung up. I had survived many mornings of lay-offs. But 30 minutes later, I was standing on the street. Unemployed. At first, I felt shame. Shame that I didn’t care that I had lost my job. I didn’t... View Details

01 Jun 2016
News

Imagine an Economy Without Wall Street

out on an entrepreneurial path but was thwarted by the country’s lack of a finance and lending infrastructure. A similar shortcoming in the mortgage and lending industry also delayed his family’s ability to buy a house until his father... View Details

Keywords: Wall Street; Securities, Commodities, and Other Financial Investments; Finance

23 May 2018
News

John A. Paulson, MBA 1980

1984 Joins Bear Stearns, M&A Managing Director 1988 Named Partner, Gruss Partners 1994 Launches Paulson & Co. 2007 Makes what many call the “greatest trade ever” on subprime mortgage market 2012 Contributes historic donation to Central... View Details

Keywords: Susan Young

21 Jan 2009
First Look

First Look: January 21, 2009

recommendations for change. Purchase this note: http://harvardbusinessonline.hbsp.harvard.edu/ b01/en/common/item_detail.jhtml?id=209056 Rosetree Mortgage Opportunity Fund Harvard Business School Case 209-088 In December 2008, in the... View Details

Keywords: Martha Lagace

August 1985 (Revised January 1992)
Case

Anderson Street

By: William J. Poorvu

A recent college graduate decides to buy a small multiple-unit building in Boston as a residence and an investment. He learns about finding and valuing properties, property management, construction, and mortgages. After some difficulty he finds a building in an area... View Details

Keywords: Buildings and Facilities; Property; Mortgages; Valuation; Construction; Real Estate Industry; Boston

Citation

Educators

Purchase

01 Mar 2011
News

The Check Is in the Mail

plan, credit cards, and home mortgages can make the existence of personal credit seem like a relatively recent development. An exhibit at the Baker Library | Bloomberg Center tells the story of how those now-familiar innovations came to... View Details

Keywords: Arts, Sports, Language, Driving, and Other Schools; Educational Services; News, Library, Internet, and Other Services; Information

24 Sep 2020
Research & Ideas

Financial Meltdowns Are More Predictable Than We Thought

passed since risky mortgage lending, excessive borrowing, and soaring housing prices collided in 2008 to trigger one of the more severe financial crises in American history. Since then, economists have been studying the factors that led... View Details

Keywords: by Danielle Kost; Financial Services

23 Jan 2008
Op-Ed

A House Divided: Investment or Shelter?

could finally afford to buy their domiciles. The definition of home shifted. A home became an anchor, a stake in the community. Veterans from World War II seized upon the FHA and VA mortgages to sink roots into the middle class; one... View Details

Keywords: by Nicolas P. Retsinas; Banking; Construction; Real Estate

01 Sep 2009
News

Alumni Books

which you will reach your destination. ‘Start with the answer’ and work your way back to the solution.” More Mortgage Meltdown: 6 Ways to Profit in These Bad Times by Whitney Tilson (MBA ’94) and Glenn Tongue (Wiley) The authors explain... View Details