Filter Results:
(238)
Show Results For
- All HBS Web
(389)
- News (91)
- Research (238)
- Multimedia (3)
- Faculty Publications (144)
Show Results For
- All HBS Web
(389)
- News (91)
- Research (238)
- Multimedia (3)
- Faculty Publications (144)
Sort by
- 10 Aug 2009
- Research & Ideas
High Commitment, High Performance Management
and mortgage and automobile companies employed—approaches that are diametrically opposite to those outlined in my book and discussed here. These firms did dumb things because their leaders did not make the principled choices outlined... View Details
Keywords: by Martha Lagace
- 14 Jan 2019
- Op-Ed
These 4 CEOs Created a New Standard of Leadership
highest return on equity. He guided it through the 2008-09 financial crisis without a glitch by avoiding high-risk subprime mortgages and derivatives that felled so many other banks. Concerned about the crisis’ impact on bank reputations,... View Details
- 05 Jun 2009
- What Do You Think?
What Does Slower Economic Growth Really Mean?
services? The latter grew so rapidly in the U.S. in recent years (with every mortgage backed security and credit default swap transaction counted, resulting in substantial contributions to growth rates) that, at its peak, it may well have... View Details
- 30 Jul 2007
- Research & Ideas
Repugnant Markets and How They Get That Way
regulated circumstances. If your bank ever presents you with a mortgage like that, it's in violation of the National Organ Transplant Act." So the slippery-slope argument is actually an area of agreement, or at least not outright... View Details
Keywords: by Martha Lagace
- 07 Sep 2021
- Research & Ideas
Who Pays For Wildfire and Hurricane Damage? Everyone.
New Mexico homeowners might think their inland location buffers them from the financial toll of climate change, but they’re still paying for climate-related property damage occurring in coastal states. New research finds that homeowners in New Mexico and other states... View Details
- 12 Sep 2007
- Op-Ed
Building Sandcastles: The Subprime Adventure
the subprime lenders—willing to take the risk on riskier borrowers, for a price. Thus far the tale testifies to America's entrepreneurial spirit. New mortgage banks specializing in subprime loans sprang up. Their panoply of products... View Details
- 2022
- Working Paper
House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data
By: Sari Pekkala Kerr, William R. Kerr and Ramana Nanda
During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau data that most of this entry is related to construction and real estate; these entrants tend to be small and short-lived. Using a 1998 Texas reform that... View Details
Kerr, Sari Pekkala, William R. Kerr, and Ramana Nanda. "House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data." Harvard Business School Working Paper, No. 15-069, February 2015. (Revised June 2022.)
- 14 Mar 2011
- Research & Ideas
Keeping Credit Flowing to Consumers in Need
The credit crunch and subsequent collapse of the nonprime mortgage market claimed many victims, including hundreds of thousands of low- and moderate-income Americans who lost their homes and savings. Today, regulators and policymakers are... View Details
- 31 Oct 2016
- Research & Ideas
Quantitative Easing Didn’t Ease the Housing Crisis for the Neediest
and spending decisions.” Origination volume of refinance mortgages below and above the conforming loan limit following the first two rounds of quantitative easing, as recorded by LPS Field Services. FHA loans are excluded from the data.... View Details
Keywords: by Carmen Nobel
- 12 Nov 2014
- Op-Ed
A Challenge to the New Congress: Pass Housing Finance Reform
from the left and the right, set out to do just that. For the last two and a half years, we co-chaired the Commission's Mortgage Finance Reform Working Group. Remarkably, we saw consensus emerge from both parties on the goals of the new... View Details
- 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
Light, Jay O., and Jeremy C. Stein. "Note on the Pricing of Mortgage-Backed Securities." Harvard Business School Background Note 287-060, January 1987. (Revised March 1989.)
- May 1994
- Teaching Note
BayBank Boston TN
By: Joseph L. Badaracco Jr. and Jerry Useem
Teaching Note for (9-393-095). View Details
- August 2004 (Revised September 2004)
- Case
Caja Espana: Managing the Branches to Sell (B)
Supplements the (A) case. View Details
Martinez-Jerez, Francisco de Asis, and Rosario de Albornoz. "Caja Espana: Managing the Branches to Sell (B)." Harvard Business School Case 105-012, August 2004. (Revised September 2004.)
- 03 Dec 2008
- What Do You Think?
Can Housing and Credit be “Nudged” Back to Health?
harmed by our own worst instincts." Dan Wallace proposed: "I like 'nudge' solutions, and one approach here might be to provide a 100 percent mortgage interest deduction for people who put 20 percent down on a home, and ratchet... View Details
Keywords: by Jim Heskett
- 29 Sep 2008
- Research & Ideas
Financial Crisis Caution Urged by Faculty Panel
much more complicated due in part to the development of mortgage brokers. The new system fueled a bevy of mortgage backed securities and derivatives that were terribly difficult for experts to comprehend, he... View Details
- August 2011
- Teaching Note
Subprime Crisis and Fair-Value Accounting (TN)
Teaching Note for 109-031. View Details
- April 1996
- Case
Sunshine Villas
By: William J. Poorvu and John H. Vogel Jr.
Ms. Courtney Lowe is president and sole owner of CL Development. She is looking to sell Sunshine Villas to pay off her bank and make a profit. This case is part of a negotiation game simulation that includes Jason Bosworth, Silver Lane Apartments, and Major Insurance... View Details
Poorvu, William J., and John H. Vogel Jr. "Sunshine Villas." Harvard Business School Case 396-329, April 1996.
- 20 Dec 2006
- Op-Ed
Investors Hurt by Dual-Track Tax Reporting
developments. Imagine if you were allowed to represent your income on your tax forms and on your mortgage application differently. In a moment of weakness, you might portray your economic situation in two distinct ways. Unlike... View Details
Keywords: by Mihir Desai
- April 1996
- Case
Silver Lane Apartments
By: William J. Poorvu and John H. Vogel Jr.
Scott Johnson is a successful developer of single-family and multi-family housing who specializes in renovating and turning around poorly performing apartments in good locations. He plans to sell a 506-unit property for portfolio and estate planning purposes. This case... View Details
Poorvu, William J., and John H. Vogel Jr. "Silver Lane Apartments." Harvard Business School Case 396-330, April 1996.
- 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