Mortgages - Publications - Faculty & Research

01 Jul 2008
First Look

First Look: July 1, 2008

b01/en/common/item_detail.jhtml?id=108055 U.S. Subprime Mortgage Crisis: Policy Reactions Harvard Business School Case 708-036 By March 2008, the U.S. Government and the U.S. Federal Reserve Board had taken various policy measures over... View Details

Keywords: Martha Lagace

08 Feb 2018
Op-Ed

What’s Missing From the Debate About Trump’s Tax Plan

those who claim them, while cuts to mortgage interest and state and local tax deductions can be seen as efforts to get the government out of the business of distorting prices. “Discussing values gives the country the opportunity to choose... View Details

Keywords: by Matthew Weinzierl

08 Sep 2009
Research & Ideas

The Height Tax, and Other New Ways to Think about Taxation

reforms seem unlikely, but we are missing a large opportunity by avoiding them. In general, I hesitate to pass judgment on our tax system as a whole. My intuition is that tax theorists have as much or more to learn from existing policies than do policymakers from tax... View Details

Keywords: by Martha Lagace

October 2008 (Revised October 2009)
Case

New Century Financial Corporation

By: Krishna G. Palepu, Suraj Srinivasan and Aldo Sesia

After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11... View Details

Keywords: Accounting Audits; Financial Reporting; Business Model; Financial Crisis; Insolvency and Bankruptcy; Mortgages; Financial Services Industry; United States

Citation

Educators

Purchase

20 Jun 2016
News

Having an Impact on Development and Poverty Issues

lender to schools that caters to low-income families; and Vasthu, a mortgage provider for the purchase of affordable homes. A native of Mumbai and graduate of University of Mumbai, Gandhi started his career with an unparalleled... View Details

Keywords: Constantine von Hoffman

01 Jun 2012
News

What Industrial Policy?

generously subsidized (largely through the tax deductibility of mortgage interest, which stimulates demand for homes as well as loans from banks). Private equity, which enjoys a 15 percent tax rate on carried interest. (If the tax rate on... View Details

Keywords: Gary P. Pisano; Agriculture; Construction of Buildings; Construction; Colleges, Universities, and Professional Schools; Educational Services; Funds, Trusts, and Other Financial Vehicles; Finance; Health, Social Assistance; Manufacturing

17 Sep 2020
Research & Ideas

Many Small-Business Employees May Be Close to Losing Health Insurance

business owner to do as the clock keeps ticking? At some point, absent some major policy change, landlord patience will run out, and small businesses will have to make rent or mortgage payments. “Respondents overwhelmingly reported they... View Details

Keywords: by Rachel Layne; Health

17 Mar 2009
First Look

First Look: March 17, 2009

mortgage lender are considering how to bring the bank's restructuring to a successful conclusion as the country's economy continues to suffer from the impact of the 2001-2002 currency crisis and default. As the bank's competitors, many of... View Details

Keywords: Martha Lagace

18 Jul 2005
Research & Ideas

Time to Rethink the Corporate Tax System?

tax obligations. Q: You mentioned the dual-book system. Why are firms allowed to report their profits in two different ways to capital markets and tax authorities? A: It is a curious system. Imagine if you were allowed to report income to the IRS in one way and on your... View Details

Keywords: by Ann Cullen

29 Jun 2016
News

Women of Wall Street Tell Their Story

subservient to the needs of the story. “I saw Wolf of Wall Street,” says coproducer Linda Zwack Munger (MBA 1982), a former senior vice president in Lehman Brothers’ mortgage bond department. “It’s so unrealistic.” In addition to not... View Details

Keywords: Constantine von Hoffman; photography by Chris Taggart; Funds, Trusts, and Other Financial Vehicles; Finance

21 Dec 2009
Research & Ideas

Good Banks, Bad Banks, and Government’s Role as Fixer

incentives at each stage of the process. We need to ensure that mortgages are appropriate for the resources of borrowers, and that mortgage brokers have skin in the game when they sell loans. We need to... View Details

Keywords: by Roger Thompson; Banking; Financial Services

Fast Answer

Government data and information sources for public entrepreneurship

Available data includes demographics, home sale statistics, health data, mortgage trends, school performance scores and labor data like unemployment, crime statistics and city crime rates. Explore Census Data provides access to data... View Details

April 2010
Case

The Credit Crisis of 2008: An Overview

By: V.G. Narayanan, Fabrizio Ferri and Lisa Brem

This case examines the causes and consequences of the credit crisis of 2008 from a national and global perspective and explores the actions taken and proposed by the U.S. and European governments. View Details

Keywords: Credit; Financial Crisis; Crisis Management; Risk Management; Globalized Economies and Regions; Global Strategy; Mortgages; Performance Effectiveness; Financial Services Industry; United States

Citation

Educators

Purchase

02 Nov 2009
Research & Ideas

Shareholders Need a Say on Pay

objective function from government in that sense." Ferri points out that when the economy was doing well, for example, shareholders had a healthy appetite for the sort of risk-taking that contributed to the subprime mortgage crisis.... View Details

Keywords: by Julia Hanna; Financial Services

07 Aug 2009
What Do You Think?

Why Can’t Americans Get Health Care Right?

that it will require Government subsidy while providing price leadership under a nonprofit cover, will over time drive most if not all health care to the public option (as happened with home mortgage giants Fannie Mae and Freddie Mac),... View Details

Keywords: by Jim Heskett; Health

17 Jan 2012
First Look

First Look: January 17

U.S. Home Mortgages Author:Robert C. Pozen Publication:Chap. 3 in The Future of Housing Finance, 26-65. Brookings Institution Press, 2011 Abstract This chapter analyzes the various forms of federal programs to support home mortgages-both... View Details

Keywords: Sean Silverthorne

01 Dec 2018
News

Ask the Expert: Gimme Shelter

from some additional equity (assuming incomes rise). And unlike paying rent to a landlord, each time the owner pays their mortgage they are paying down principal and building equity, just like a market-rate owner. Taken together, these... View Details

Keywords: Jen McFarland Flint

04 May 2009
Research & Ideas

What’s Next for the Big Financial Brands

United Kingdom. Signed by the head of retail banking, the ad itemized four ways in which NatWest aims to help property owners, mortgage holders, and all customers, with an invitation to "talk to us" and a practical promise of... View Details

Keywords: by John Quelch; Banking; Financial Services

03 Apr 2019
News

Finding Common Ground

the Cicero Group in 2001, working out of his house with a few colleagues. “When I talk to young entrepreneurs today, they always ask about my business plan,” he notes. “I have to laugh. My business plan was a mortgage and a baby on the... View Details

Keywords: Deborah Blagg

29 Apr 2015
Lessons from the Classroom

Use Personal Experience to Pick Winning Stocks

would trade on their ideas," says Cohen. "They put their money where their mouth is." One of them, Alice Newcombe (MBA 2013), used her background in private equity to forensically investigate a mortgage insurance firm that... View Details

Keywords: by Michael Blanding; Financial Services

Publications