Brent W. Ambrose

Pennsylvania State University

Smeal Professor of Real Estate

University Park, PA 16802-3306

United States

  • Pennsylvania State University

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    • Tel: 814-867-0066
    • Fax: 814-865-6284
SCHOLARLY PAPERS

75

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153

CROSSREF CITATIONS

144

Scholarly Papers (75)

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1.

Commercial Mortgage-Backed Securities: Prepayment and Default

Downloads 2,879 ( 4,728)

Commercial Mortgage-Backed Securities: Prepayment and Default

Number of pages: 32 Posted: 04 Feb 2002
Brent W. Ambrose and Anthony B. Sanders
Pennsylvania State University and George Mason University - School of Business
Downloads 2,879 (4,638)
Citation 7

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Commercial Mortgage-backed Securities, Competing Risks, Prepayment, Default

Commercial Mortgage-Backed Securities: Prepayment and Default

Posted: 14 Aug 2002
Brent W. Ambrose and Anthony B. Sanders
Pennsylvania State University and George Mason University - School of Business

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commercial mortgage-backed securities, competing risks, prepayment, default

2.

The Impact of Student Loan Debt on Small Business Formation

Downloads 2,518 ( 5,905)
Citation 4

The Impact of Student Loan Debt on Small Business Formation

Number of pages: 37 Posted: 31 Mar 2014 Last Revised: 21 Jul 2015
Brent W. Ambrose, Larry Cordell and Shuwei Ma
Pennsylvania State University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 2,216 (7,176)

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Student Loans, Small Business, Debt

The Impact of Student Loan Debt on Small Business Formation

FRB of Philadelphia Working Paper No. 15-26
Number of pages: 32 Posted: 22 Jul 2015
Brent W. Ambrose, Larry Cordell and Shuwei Ma
Pennsylvania State University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 302 (114,980)
Citation 4

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Student Loans, Small Business Finance, Debt Capacity

3.

Determinants of Automobile Loan Default and Prepayment

Economic Perspectives, Vol. 32, No. 3, 2008
Number of pages: 12 Posted: 19 Sep 2008
Sumit Agarwal, Brent W. Ambrose and Souphala Chomsisengphet
National University of Singapore, Pennsylvania State University and Office of the Comptroller of the Currency (OCC)
Downloads 894 (29,918)
Citation 1

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consumer debt, auto loans, household finance, prepayment, default, Financial Institutions and Services, Duration Analysis, Personal Finance, Asymmetric and Private Information

4.

House Prices and Fundamentals: 355 Years of Evidence

Number of pages: 24 Posted: 28 Jul 2009 Last Revised: 19 Feb 2013
Brent W. Ambrose, Piet M. A. Eichholtz and Thies Lindenthal
Pennsylvania State University, University of Maastricht - Limburg Institute of Financial Economics (LIFE) and Massachusetts Institute of Technology (MIT) - Center for Real Estate
Downloads 863 (31,468)
Citation 14

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house prices, rents, fundamentals, bubbles

5.

Does Regulatory Capital Arbitrage or Asymmetric Information Drive Securitization?

Number of pages: 30 Posted: 22 Jun 2004
Brent W. Ambrose, Michael LaCour-Little and Anthony B. Sanders
Pennsylvania State University, Federal National Mortgage Association (Fannie Mae) and George Mason University - School of Business
Downloads 839 (32,633)
Citation 37

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Banks, debt, securitization, regulatory capital

6.

The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis

Dice Center Working Paper No. 2001-1
Number of pages: 37 Posted: 01 Feb 2002
Brent W. Ambrose, Michael LaCour-Little and Anthony B. Sanders
Pennsylvania State University, Federal National Mortgage Association (Fannie Mae) and George Mason University - School of Business
Downloads 833 (32,955)
Citation 19

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Mortgage yield spreads, securitization, government-sponsored enterprise

7.

Embedded Options in the Mortgage Contract

Number of pages: 25 Posted: 02 Feb 1999
Brent W. Ambrose and Richard J. Buttimer
Pennsylvania State University and University of North Carolina (UNC) at Charlotte - Department of Finance & Business Law
Downloads 758 (37,475)
Citation 3

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8.

Understanding the Risk of China's Local Government Debts and its Linkage with Property Markets

Number of pages: 36 Posted: 29 Jan 2015
Brent W. Ambrose, Yongheng Deng and Jing Wu
Pennsylvania State University, Wisconsin School of Business, University of Wisconsin-Madison and Tsinghua University - Hang Lung Center for Real Estate
Downloads 660 (45,194)
Citation 12

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China municipal bonds, fixed-income securities, house prices, China development

9.

An Empirical Analysis of Home Equity Loan and Line Performance

Downloads 414 ( 81,002)
Citation 9

An Empirical Analysis of Home Equity Loan and Line Performance

Number of pages: 44 Posted: 17 Sep 2004
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Chunlin Liu
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and University of Nevada, Reno - College of Business
Downloads 414 (80,283)
Citation 9

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Home Equity Loans and Lines, Prepayment, Capital Regulations

An Empirical Analysis of Home Equity Loan and Line Performance

Posted: 14 Apr 2005
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Chunlin Liu
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and University of Nevada, Reno - College of Business

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Home Equity Loans and Lines, Prepayment, Capital Regulations

10.

Housing Rents and Inflation Rates

Number of pages: 35 Posted: 31 May 2016 Last Revised: 18 Aug 2020
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 400 (84,272)
Citation 1

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measurement error, economic statistics, owners' equivalent rent, Consumer Price Index, Personal Consumption Expenditures, National Income and Product Accounts

11.

High Ltv Loans and Credit Risk

Downloads 355 ( 96,734)

High Ltv Loans and Credit Risk

Number of pages: 39 Posted: 02 Dec 2003
Brent W. Ambrose and Anthony B. Sanders
Pennsylvania State University and George Mason University - School of Business
Downloads 355 (96,009)
Citation 1

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credit risk, high LTV, loan-to-value, mortgage

High LTV Loans and Credit Risk

Posted: 22 Jun 2004
Brent W. Ambrose and Anthony B. Sanders
Pennsylvania State University and George Mason University - School of Business

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Credit risk, high LTV, loan-to-value, mortgage

12.

A Note on Hybrid Mortgages

Number of pages: 26 Posted: 17 Sep 2004
Brent W. Ambrose, Michael LaCour-Little and Zsuzsa R. Huszar
Pennsylvania State University, Federal National Mortgage Association (Fannie Mae) and National University of Singapore
Downloads 280 (125,207)
Citation 6

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adjustable rate mortgage, prepayment, default

13.

Comovement after Joining an Index: Spillovers of Nonfundamental Effects

Downloads 263 (133,704)
Citation 14

Comovement after Joining an Index: Spillovers of Nonfundamental Effects

Number of pages: 49 Posted: 17 Jun 2004
Brent W. Ambrose, Dong Wook Lee and Joe Peek
Pennsylvania State University, Korea University and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 230 (152,080)
Citation 2

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category model, spillover effect, REITs, stock market index

Comovement after Joining an Index: Spillovers of Nonfundamental Effects

Real Estate Economics, Vol. 35, No. 1, pp. 57-90, Spring 2007
Number of pages: 34 Posted: 16 Feb 2007
Brent W. Ambrose, Dong Wook Lee and Joe Peek
Pennsylvania State University, Korea University and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 33 (527,017)
Citation 1
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14.

The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence

Number of pages: 39 Posted: 25 May 2009
Sumit Agarwal, Brent W. Ambrose, Henry Hongren Huang and Yildiray Yildirim
National University of Singapore, Pennsylvania State University, National Central University and Zicklin School of Business, Baruch College - The City University of New York
Downloads 249 (141,349)
Citation 1

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leasing valuation, credit risk, endogenous default

15.

Credit Rationing, Income Exaggeration, and Adverse Selection in the Mortgage Market

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 21 Dec 2014 Last Revised: 19 Dec 2015
Brent W. Ambrose, James Conklin and Jiro Yoshida
Pennsylvania State University, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 239 (147,061)
Citation 18

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Subprime Mortgages, Default, Adverse Selection, Moral Hazard, Reputation, Dodd-Frank Act, Credit Rationing

16.

Can Regulation De-bias Appraisers?

Journal of Financial Intermediation, Forthcoming
Number of pages: 35 Posted: 21 Dec 2014 Last Revised: 23 Apr 2019
Sumit Agarwal, Brent W. Ambrose and Vincent Yao
National University of Singapore, Pennsylvania State University and Georgia State University - J. Mack Robinson College of Business
Downloads 229 (153,200)
Citation 20

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mortgages, valuation, financial crisis, regulations, appraisal bias

17.

Does Borrower and Broker Race Affect the Cost of Mortgage Credit?

Review of Financial Studies (Forthcoming)
Number of pages: 50 Posted: 25 Jul 2017 Last Revised: 09 Jun 2020
Brent W. Ambrose, James Conklin and Luis A. Lopez
Pennsylvania State University, University of Georgia and University of Illinois at Chicago
Downloads 228 (153,840)
Citation 2

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Discrimination, Credit Rationing, Regulations, Dodd-Frank Act, Mortgages

18.

Stock Market Information and Reit Earnings Management

Number of pages: 46 Posted: 01 May 2009
Brent W. Ambrose and Xun Bian
Pennsylvania State University and Longwood University
Downloads 223 (157,187)
Citation 1

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REIT, Earnings, Market Efficiency

19.

Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty

Downloads 188 (184,268)
Citation 4

Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty

Real Estate Economics, Forthcoming
Number of pages: 75 Posted: 12 Jun 2014 Last Revised: 03 Dec 2015
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University, University of Southern California and Pennsylvania State University - Smeal College of Business
Downloads 188 (184,163)

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strategic investment, entry deterrence, real options, flexibility, firm risk

Product Market Competition and Corporate Real Estate Investment Under Demand Uncertainty

Real Estate Economics, Vol. 45, Issue 3, pp. 521-590, 2017
Number of pages: 70 Posted: 03 Aug 2017
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University, University of Southern California and Pennsylvania State University - Smeal College of Business
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20.

Secured Debt and Corporate Performance:Evidence from REITs

Number of pages: 30 Posted: 29 Jan 2010
Brent W. Ambrose, Shaun A. Bond and Joseph T. L. Ooi
Pennsylvania State University, UQ Business School and National University of Singapore (NUS) - Department of Real Estate
Downloads 188 (184,268)
Citation 1

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REITs, Commercial Real Estate, Secured Debt, Performance

21.

Asymmetric Information in Dynamic Contract Settings: Evidence from the Home Equity Credit Market

Number of pages: 53 Posted: 02 Oct 2007
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Chunlin Liu
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and University of Nevada, Reno - College of Business
Downloads 187 (185,152)
Citation 1

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Asymmetric Information, Contract Frictions, Screening, Banking, Home Equity Lending

22.

The Subprime Virus: Theory and Evidence

Number of pages: 36 Posted: 21 May 2010 Last Revised: 03 Feb 2011
Sumit Agarwal, Brent W. Ambrose and Yildiray Yildirim
National University of Singapore, Pennsylvania State University and Zicklin School of Business, Baruch College - The City University of New York
Downloads 182 (189,629)
Citation 2

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Subprime, Default, Portfolio Risk

23.

The Repeat Rent Index

Review of Economics and Statistics, Forthcoming
Number of pages: 40 Posted: 17 Feb 2013 Last Revised: 13 Sep 2015
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 171 (200,111)
Citation 8

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Residential Leases, Repeat Sales Index, Housing

24.

Servicers and Mortgage-Backed Securities Default: Theory and Evidence

Downloads 166 (205,285)
Citation 8

Servicers and Mortgage-Backed Securities Default: Theory and Evidence

Number of pages: 38 Posted: 25 Mar 2011
Brent W. Ambrose, Anthony B. Sanders and Abdullah Yavas
Pennsylvania State University, George Mason University - School of Business and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics
Downloads 166 (205,470)
Citation 2

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Special Severicer, CMBS, Default, Asymmetric Information

Servicers and Mortgage‐Backed Securities Default: Theory and Evidence

Real Estate Economics, Vol. 44, Issue 2, pp. 462-489, 2016
Number of pages: 28 Posted: 11 Apr 2016
Brent W. Ambrose, Anthony B. Sanders and Abdullah Yavas
Pennsylvania State University, George Mason University - School of Business and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics
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Citation 1
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Servicers and Mortgage-Backed Securities Default: Theory and Evidence

Real Estate Economics, Forthcoming
Posted: 28 Sep 2014
Brent W. Ambrose, Anthony B. Sanders and Abdullah Yavas
Pennsylvania State University, George Mason University - School of Business and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics

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CMBS, Servicing, Workouts, Defaults

25.

Communications Between Borrowers and Servicers: Evidence from the COVID-19 Mortgage Forbearance Program

Number of pages: 18 Posted: 19 Aug 2020
Sumit Agarwal, Brent W. Ambrose, Arka Bandyopadhyay and Yildiray Yildirim
National University of Singapore, Pennsylvania State University, City University of NY, Baruch College, Zicklin School of Business and Zicklin School of Business, Baruch College - The City University of New York
Downloads 148 (227,209)
Citation 1

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Forbearance, Machine learning, Natural Language Processing

26.

Thy Neighbor's Mortgage: Does Living in a Subprime Neighborhood Impact Your Probability of Default?

Number of pages: 31 Posted: 21 Apr 2010
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Anthony B. Sanders
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and George Mason University - School of Business
Downloads 143 (232,206)
Citation 2

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Subprime mortgages, default, house price appreciation, Externalities

27.

Fallen Angels and Price Pressure

Downloads 142 (233,570)

Fallen Angels and Price Pressure

Number of pages: 44 Posted: 08 Mar 2011
Brent W. Ambrose, Kelly Nianyun Cai and Jean Helwege
Pennsylvania State University, University of Michigan at Dearborn - School of Management and UC Riverside
Downloads 142 (234,186)
Citation 6

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price pressure, sunshine trading, informed trader, fallen angel bonds, insurance

Fallen Angels and Price Pressure

https://doi.org/10.3905/jfi.2012.2012.1.012
Posted: 21 May 2019
Brent W. Ambrose, Kelly Nianyun Cai and Jean Helwege
Pennsylvania State University, University of Michigan at Dearborn - School of Management and UC Riverside

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Price Pressure, Sunshine Trading, Informed Trader, Fallen Angel Bonds, Insurance Companies

28.

Joint Liability Lending and Credit Risk: Evidence from the Home Equity Market

Number of pages: 19 Posted: 02 Aug 2010
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Chunlin Liu
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and University of Nevada, Reno - College of Business
Downloads 138 (239,073)

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Consumer Credit, Mortgages, Micro-finance, Information Asymmetry, household finance

29.

Credit Risk and the Term Structure of Lease Rates: A Reduced Form Approach

Journal of Real Estate Finance and Economics, Vol. 37, No. 3, 2008
Number of pages: 26 Posted: 01 Oct 2008 Last Revised: 03 Feb 2011
Brent W. Ambrose and Yildiray Yildirim
Pennsylvania State University and Zicklin School of Business, Baruch College - The City University of New York
Downloads 121 (264,441)

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leasing valuation, credit risk, reduced form model

30.

Lender Steering in Residential Mortgage Markets

Real Estate Economics, Forthcoming.
Number of pages: 33 Posted: 06 Oct 2015 Last Revised: 05 May 2017
Sumit Agarwal, Brent W. Ambrose and Vincent Yao
National University of Singapore, Pennsylvania State University and Georgia State University - J. Mack Robinson College of Business
Downloads 111 (281,058)
Citation 3

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Steering, Securitization, Banking Deregulation, Insurance

31.

Does it Pay to Read Your Junk Mail? Evidence of the Effect of Advertising on Home Equity Credit Choices

FRB of Chicago Working Paper No. 2008-09
Number of pages: 60 Posted: 17 Nov 2008 Last Revised: 14 Dec 2008
Sumit Agarwal and Brent W. Ambrose
National University of Singapore and Pennsylvania State University
Downloads 102 (298,076)
Citation 4

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Persuasion, Advertising, Contract Choice, Home-equity Lending

32.

Pandemic Risk Factors and the Role of Government Intervention: Evidence from COVID-19 and CMBS Mortgage Performance

Number of pages: 31 Posted: 16 Aug 2020
Sumit Agarwal, Brent W. Ambrose, Luis A. Lopez and Xue Xiao
National University of Singapore, Pennsylvania State University, University of Illinois at Chicago and Pennsylvania State University
Downloads 100 (301,971)
Citation 1

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COVID-19, CARES Act, Payment Protection Program, Mortgages.

33.

Do Minimum Wage Increases Benefit Low-Income Households? Evidence from the Performance of Residential Leases

Downloads 100 (299,946)
Citation 1

Do Minimum Wage Increases Benefit Low-Income Households? Evidence from the Performance of Residential Leases

Number of pages: 46 Posted: 21 Dec 2018 Last Revised: 05 May 2020
Sumit Agarwal, Brent W. Ambrose and Moussa Diop
National University of Singapore, Pennsylvania State University and University of Southern California
Downloads 100 (304,014)
Citation 1

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Minimum Wage Increase, Lease Defaults, Rental Market, Household Income

34.

Mortgage Brokers, Origination Fees, Price Transparency and Competition

Downloads 89 (325,335)
Citation 12

Mortgage Brokers, Origination Fees, Price Transparency and Competition

Number of pages: 66 Posted: 26 Sep 2012
Brent W. Ambrose and James Conklin
Pennsylvania State University and University of Georgia
Downloads 89 (327,992)
Citation 1

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Mortgage Brokerage, Competition, Subprime, Cost, Price Transparency

Mortgage Brokers, Origination Fees, Price Transparency and Competition

Real Estate Economics, Vol. 42, Issue 2, pp. 363-421, 2014
Number of pages: 59 Posted: 20 May 2014
Brent W. Ambrose and James Conklin
Pennsylvania State University and University of Georgia
Downloads 0
Citation 4
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Mortgage Brokers, Origination Fees, Price Transparency and Competition

Real Estate Economics, Forthcoming
Posted: 28 Sep 2012
Brent W. Ambrose and James Conklin
Pennsylvania State University and Pennsylvania State University

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Mortgage Brokerage, Competition, Subprime, Cost, Price Transparency

35.

The Adjustable Balance Mortgage: Reducing the Value of the Put

Number of pages: 33 Posted: 16 May 2009
Brent W. Ambrose and Richard J. Buttimer
Pennsylvania State University and University of North Carolina (UNC) at Charlotte - Department of Finance & Business Law
Downloads 76 (357,499)
Citation 3

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Mortgage Default, Foreclosure, Modification

36.

The Role of Soft Information in a Dynamic Contract Setting: Evidence from the Home Equity Credit Market

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 34 Posted: 11 Nov 2010
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Chunlin Liu
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and University of Nevada, Reno - College of Business
Downloads 75 (360,174)
Citation 3

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Information, Contract Frictions, Screening, Banking, Home Equity Lending

37.

Information Asymmetry, Regulations, and Equilibrium Outcomes: Theory and Evidence from the Housing Rental Market

Number of pages: 46 Posted: 12 Oct 2016 Last Revised: 01 Jul 2018
Brent W. Ambrose and Moussa Diop
Pennsylvania State University and University of Southern California
Downloads 68 (380,045)
Citation 7

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Rental Market, Landlord Regulations, Information Asymmetry, Tenant Screening, Affordable Housing

38.

Reassessing Taylor Rules Using Improved Housing Rent Data

Journal of Macroeconomics 56, 243-257, June 2018
Number of pages: 30 Posted: 26 Sep 2015 Last Revised: 05 May 2018
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 66 (386,123)
Citation 1

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monetary policy, federal funds rate, Taylor rule, Personal Consumption Expenditures, inflation measures, housing rent

39.

Spillover Effects of Subprime Mortgage Originations: The Effects of Single-Family Mortgage Credit Expansion on the Multifamily Rental Market

Number of pages: 68 Posted: 15 Feb 2014
Brent W. Ambrose and Moussa Diop
Pennsylvania State University and University of Southern California
Downloads 66 (386,123)
Citation 2

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Default; Subprime, Mortgages, Leases, Housing Tenure, Multifamily Housing

40.

Economic Fundamentals, Capital Expenditures and Asset Dispositions

Number of pages: 31 Posted: 21 Sep 2017 Last Revised: 07 Feb 2019
Brent W. Ambrose and Eva Steiner
Pennsylvania State University and Penn State Smeal College of Business
Downloads 50 (440,477)

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Disposition effect, real assets, real options

41.

Mortgage Brokers, Origination Fees, and Competition

Number of pages: 36 Posted: 26 Mar 2012 Last Revised: 27 Sep 2012
Brent W. Ambrose and James Conklin
Pennsylvania State University and Pennsylvania State University
Downloads 49 (444,303)

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Mortgage Brokerage, Competition, Subprime, Cost

42.

Pricing Upward-Only Adjusting Leases

Downloads 36 (499,703)
Citation 2

Pricing Upward-Only Adjusting Leases

NBER Working Paper No. w7622
Number of pages: 26 Posted: 18 May 2000 Last Revised: 02 Mar 2002
Brent W. Ambrose, Patric H. Hendershott and Malgorzata M. Klosek
Pennsylvania State University, University of Aberdeen - Centre for Property Research and National Institutes of Health (NIH)
Downloads 36 (511,113)
Citation 2

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Pricing Upward-Only Adjusting Leases

Posted: 17 May 2002
Brent W. Ambrose, Patric H. Hendershott and Malgorzata M. Klosek
Pennsylvania State University, University of Aberdeen - Centre for Property Research and National Institutes of Health (NIH)

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leases, real options, effective rents

43.

Pricing Government Credit: A New Method for Determining Government Credit Risk Exposure

Economic Policy Review, Vol. 24, No. 3, 2018
Number of pages: 22 Posted: 10 Dec 2018
Brent W. Ambrose and Zhongyi Yuan
Pennsylvania State University and Pennsylvania State University - Smeal College of Business
Downloads 33 (514,416)
Citation 1

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capital allocation; government credit risk; marginal risk contribution; tail value-at-risk (TVaR)

44.

Eviction Risk of Rental Housing: Does it Matter How Your Landlord Finances the Property?

Number of pages: 53 Posted: 19 Dec 2020
Brent W. Ambrose, Xudong An and Luis A. Lopez
Pennsylvania State University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Illinois at Chicago
Downloads 24 (565,631)

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Evictions, Rental Housing, Multifamily Mortgages, GSE, COVID-19

45.

Past Experiences and Investment Decisions: Evidence from Real Estate Markets

Number of pages: 35 Posted: 04 Jun 2020
Brent W. Ambrose and Lily Shen
Pennsylvania State University and Department of Finance, Clemson University
Downloads 9 (668,108)

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46.

Online Appendix -- Does Borrower and Broker Race Affect the Cost of Mortgage Credit?

Review of Financial Studies (Forthcoming)
Number of pages: 47 Posted: 01 Jul 2020
Brent W. Ambrose, James Conklin and Luis A. Lopez
Pennsylvania State University, University of Georgia and University of Illinois at Chicago
Downloads 6 (690,046)

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Discrimination, Credit Rationing, Regulations, Dodd-Frank Act, Mortgages

47.

Credit Availability and the Structure of the Homebuilding Industry

Real Estate Economics, Vol. 36, Issue 4, pp. 659-692, Winter 2008
Number of pages: 34 Posted: 02 Dec 2008
Brent W. Ambrose and Joe Peek
Pennsylvania State University and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 4 (704,924)
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48.

The Subprime Virus

Real Estate Economics, Vol. 43, Issue 4, pp. 891-915, 2015
Number of pages: 25 Posted: 26 Oct 2015
Sumit Agarwal, Brent W. Ambrose and Yildiray Yildirim
National University of Singapore, Pennsylvania State University and Zicklin School of Business, Baruch College - The City University of New York
Downloads 1 (735,523)
Citation 1
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49.

Thy Neighbor’s Mortgage: Does Living in a Subprime Neighborhood Affect One’s Probability of Default?

Real Estate Economics, Vol. 40, Issue 1, pp. 1-22, 2012
Posted: 21 Feb 2012
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Anthony B. Sanders
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and George Mason University - School of Business
Downloads 1 (735,523)
Citation 3
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50.

REIT Capital Budgeting and Equity Marginal Q

Real Estate Economics, Vol. 37, Issue 3, pp. 483-514, Fall 2009
Number of pages: 32 Posted: 13 Oct 2009
Brent W. Ambrose and Dong Wook Lee
Pennsylvania State University and affiliation not provided to SSRN
Downloads 1 (735,523)
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51.

Information in Financial Contracts: Evidence from CMBS Pooling and Servicing Agreements

Number of pages: 47
Brent W. Ambrose, Yiqiang Han, Sanket Korgaonkar and Lily Shen
Pennsylvania State University, Clemson University, University of Virginia and Department of Finance, Clemson University
Downloads 1

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Machine Learning, Neural Network, Financial Contracts, CMBS, Mortgages,Asymmetric Information

52.

Risk and Performance of Mutual Funds' Securitized Mortgage Investments

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Risk and Performance of Mutual Funds' Securitized Mortgage Investments

Journal of Real Estate Finance and Economics, November 2019, Volume 59, Issue 4, pp 515–548
Posted: 05 Dec 2019
Brent W. Ambrose, Moussa Diop, Walter D'Lima and Mark Thibodeau
Pennsylvania State University, University of Southern California, Old Dominion University and Florida International University (FIU) - Hollo School of Real Estate

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Mortgage securitization; Institutional investors; Non-agency mortgage Market; MBS affiliation, information asymmetry

Risk and Performance of Mutual Funds' Securitized Mortgage Investments

Journal of Real Estate Finance and Economics, 59, pages 515–548 (2019)
Posted: 06 Mar 2020
Brent W. Ambrose, Moussa Diop, Walter D'Lima and Mark Thibodeau
Pennsylvania State University, University of Southern California, Old Dominion University and Florida International University (FIU) - Hollo School of Real Estate

Abstract:

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Mortgage securitization; Institutional investors; Non-agency mortgage market; MBS affiliation; Information asymmetry

53.

Capital Structure and the Substitutability versus Complementarity Nature of Leases and Debt

Review of Finance, 2018, 1–37
Posted: 06 Mar 2018
Brent W. Ambrose, Thomas Emmerling, Henry Hongren Huang and Yildiray Yildirim
Pennsylvania State University, Zicklin School of Business, Baruch College - The City University of New York, National Central University and Zicklin School of Business, Baruch College - The City University of New York

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Leasing valuation, Credit risk, Endogenous default

54.

The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties

Journal of Real Estate Finance and Economics, Vol. 56, No. 1, 2018, Baruch College Zicklin School of Business Research Paper No. 2018-02-07
Posted: 08 Feb 2018 Last Revised: 27 Feb 2018
Brent W. Ambrose, Michael Shafer and Yildiray Yildirim
Pennsylvania State University, Providence College and Zicklin School of Business, Baruch College - The City University of New York

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Commercial Mortgages; Mortgage Spreads; Mortgage Default Rates; Tenant Diversification

55.

Real Estate Risk and Hedge Fund Returns

Journal of Real Estate Finance and Economics, Vol. 52, No. 3, 2016
Posted: 04 Mar 2016
Brent W. Ambrose, Charles Cao and Walter D'Lima
Pennsylvania State University, Pennsylvania State University and Old Dominion University

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Hedge funds; Real estate; Perofrmance analysis; Portfolio theory

56.

Financial Crisis, Temporary Liquidity Guarantee Program, and the Impacts on the Fixed Income Markets

Systemic Risk: Liquidity Risk, Governance and Financial Stability
Posted: 01 Apr 2013
Brent W. Ambrose, Yiying Cheng and Tao-Hsien Dolly King
Pennsylvania State University, University of St Thomas and University of North Carolina (UNC) at Charlotte - Department of Finance

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FDIC, Temporary Liquidity Guarantee, Financial Crisis, Fixed Income

57.

The Adjustable Balance Mortgage: Reducing the Value of the Put

Real Estate Economics, Vol. 40, Issue 3, pp. 536-565, 2012
Number of pages: 30 Posted: 25 Aug 2012
Brent W. Ambrose and Richard J. Buttimer Jr.
Pennsylvania State University and affiliation not provided to SSRN
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58.

Financial Crisis, Temporary Liquidity Guarantee Program, and Impacts on the Fixed Income Markets

Midwest Finance Association 2013 Annual Meeting Paper
Posted: 14 Aug 2012 Last Revised: 27 Jun 2014
Brent W. Ambrose, Yiying Cheng and Tao-Hsien Dolly King
Pennsylvania State University, University of St Thomas and University of North Carolina (UNC) at Charlotte - Department of Finance

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59.

Real Estate and Economies of Scale: The Case of Reits

Real Estate Economics, Vol. 33, No. 2, 2005
Posted: 10 Jun 2011
Brent W. Ambrose, Michael J. Highfield and Peter Linneman
Pennsylvania State University, Mississippi State University - Department of Finance and Economics and University of Pennsylvania - Real Estate Department

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60.

Thy Neighbor's Mortgage: Does Living in a Subprime Neighborhood Affect One's Probability of Default?

Real Estate Economics, 2011
Posted: 10 Oct 2010
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet and Anthony B. Sanders
National University of Singapore, Pennsylvania State University, Office of the Comptroller of the Currency (OCC) and George Mason University - School of Business

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Subprime mortgages; default; house price appreciation

61.

Asymmetric Information and the Automobile Loan Market

Posted: 08 Jul 2005
Sumit Agarwal, Brent W. Ambrose and Souphala Chomsisengphet
National University of Singapore, Pennsylvania State University and Office of the Comptroller of the Currency (OCC)

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Consumer debt, consumption decisions, prepayment, default

62.

Credit Lines and Credit Utilization

Posted: 21 Jun 2004
Brent W. Ambrose, Sumit Agarwal and Chunlin Liu
Pennsylvania State University, National University of Singapore and University of Rhode Island

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Home equity lines, prepayment, banks

63.

Forced Development and Urban Land Prices

Posted: 21 Jun 2004
Brent W. Ambrose
Pennsylvania State University

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Real Options, Development, Government Intervention

64.

Gse Impact on Rural Mortgage Markets

Posted: 21 Jun 2004
Brent W. Ambrose and Richard J. Buttimer
Pennsylvania State University and University of North Carolina (UNC) at Charlotte - Department of Finance & Business Law

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Government Sponsored Enterprise, mortgage markets

65.

Bank and Nonbank Lenders and the Commercial Mortgage Market

Posted: 17 Jul 2002
Brent W. Ambrose, John D. Benjamin and Peter T. Chinloy
Pennsylvania State University, American University - Kogod School of Business and American University - Department of Finance and Real Estate

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commercial mortgages, bank lending, underwriting standards, loan commitments, origination, credit allocation, loan-to-value ratio

66.

Optimal Put Exercise: An Empirical Examination of Conditions for Mortgage Foreclosure

Posted: 15 Jun 2002
Brent W. Ambrose, Yongheng Deng and Charles A. Capone
Pennsylvania State University, Wisconsin School of Business, University of Wisconsin-Madison and Federal Housing Finance Agency

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mortgage default, loss severity, foreclosure

67.

Measuring Potential Gse Funding Advantages

Posted: 03 May 2002
Brent W. Ambrose and Arthur Warga
Pennsylvania State University and University of Houston - Department of Finance

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government sponsored enterprises, yield spreads

68.

A New Spin on the Jumbo/Conforming Loan Rate Differential

Posted: 24 Apr 2002
Brent W. Ambrose, Richard J. Buttimer and Thomas G. Thibodeau
Pennsylvania State University, University of North Carolina (UNC) at Charlotte - Department of Finance & Business Law and University of Colorado at Boulder - Leeds School of Business

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Mortgages, Government Sponsored Enterprises, Mortgage Rate Spreads, House Price Volatility

69.

REIT Economies of Scale: Fact or Fiction?

Posted: 19 Feb 2001
Brent W. Ambrose, Steven R. Ehrlich, William T. Hughes Jr. and Susan M. Wachter
Pennsylvania State University, Government of the United States of America - Office of Policy Development & Research, MIT Realty Advisors and University of Pennsylvania - Wharton School, Department of Real Estate

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REITs, Economies of Scale

70.

Prepayment Risk in Adjustable Rate Mortgages: Some New Evidence

OLIN Working Paper No. 99-03
Posted: 11 Jul 2000
Michael LaCour-Little and Brent W. Ambrose
Federal National Mortgage Association (Fannie Mae) and Pennsylvania State University

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71.

The Hazard Rates of First and Second Default

Posted: 02 Nov 1999
Brent W. Ambrose and Charles A. Capone
Pennsylvania State University and Federal Housing Finance Agency

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72.

Credit Restrictions and the Market for Commercial Real Estate Loans

REAL ESTATE ECONOMICS, Vol. 24 No. 1
Posted: 05 Jul 1998
Brent W. Ambrose, John D. Benjamin and Peter T. Chinloy
Pennsylvania State University, American University - Kogod School of Business and American University - Department of Finance and Real Estate

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73.

Pricing Effects in Fannie Mae Agency Bonds

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 11 No. 3, November 1995
Posted: 02 Jul 1998
Brent W. Ambrose and Arthur Warga
Pennsylvania State University and University of Houston - Department of Finance

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74.

Risks and Incentives in Underserved Mortgage Markets

Posted: 15 Nov 1996
Brent W. Ambrose and William N. Goetzmann
Pennsylvania State University and Yale School of Management - International Center for Finance

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75.

Cost-Benefit of Single-Family Foreclosure Alternatives

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 13 No. 2
Posted: 25 Oct 1996
Brent W. Ambrose and Charles A. Capone
Pennsylvania State University and Federal Housing Finance Agency

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