Michael LaCour-Little

California State University - Fullerton - Department of Finance

Professor of Finance - Emeritus

2600 E. Nutwood, 1060-26

Fullerton, CA 92834

United States

  • California State University - Fullerton - Department of Finance

    • Email
    • Tel: 657-278-4014
    • Fax: 657-278-2161
SCHOLARLY PAPERS

30

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Top 11,750

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100

CROSSREF CITATIONS

39

Scholarly Papers (30)

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1.

Subprime Lending and the Housing Bubble: Tail Wags Dog?

Number of pages: 45 Posted: 03 Sep 2008
KhasadYahu ZarBabal, Michael LaCour-Little and Kerry D. Vandell
affiliation not provided to SSRN, California State University - Fullerton - Department of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 1,078 (40,345)
Citation 12

Abstract:

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subprime, housing bubble

2.

Risk Based Capital Requirements for Mortgage Loans

Number of pages: 41 Posted: 09 Jan 2002
Paul S. Calem and Michael LaCour-Little
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and California State University - Fullerton - Department of Finance
Downloads 1,049 (41,961)
Citation 21

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Capital, mortgage, risk, regulation

3.

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 - Department of Insurance & Real Estate, California State University - Fullerton - Department of Finance and George Mason University - School of Business
Downloads 939 (49,012)
Citation 53

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Banks, debt, securitization, regulatory capital

4.

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 - Department of Insurance & Real Estate, California State University - Fullerton - Department of Finance and George Mason University - School of Business
Downloads 880 (53,587)
Citation 21

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Mortgage yield spreads, securitization, government-sponsored enterprise

5.

Flood Risk and the U.S. Housing Market

Number of pages: 45 Posted: 31 Jul 2019
Howard Kunreuther, Howard Kunreuther, Susan M. Wachter, Carolyn Kousky and Michael LaCour-Little
National Bureau of Economic Research (NBER)University of Pennsylvania - Wharton Risk Management and Decision Processes Center, University of Pennsylvania - Wharton School, Department of Real Estate, Environmental Defense Fund and California State University - Fullerton - Department of Finance
Downloads 456 (123,552)
Citation 3

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flood risk, housing market, insurance

6.

Improving Parametric Mortgage Prepayment Models with Non-Parametric Kernel Regression

Journal of Real Estate Research, Vol. 24, No. 3, 2002
Number of pages: 30 Posted: 16 May 2007
Michael LaCour-Little, Michael A. Marschoun, Clark L. Maxam and Clark L. Maxam
California State University - Fullerton - Department of Finance, affiliation not provided to SSRN and Braddock Financial Corporation - Tabor CenterTrailcrest Capital Advisors
Downloads 373 (155,695)
Citation 1

Abstract:

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prepayment, valuation, mortgages, non-parametric

7.

A Note on Hybrid Mortgages

Number of pages: 26 Posted: 17 Sep 2004
Brent W. Ambrose, Michael LaCour-Little, Zsuzsa R. Huszar and Zsuzsa R. Huszar
Pennsylvania State University - Department of Insurance & Real Estate, California State University - Fullerton - Department of Finance and Corvinus University of Budapest
Downloads 316 (186,009)
Citation 7

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adjustable rate mortgage, prepayment, default

8.

Economic Factors Affecting Home Mortgage Disclosure Act Reporting

Downloads 273 (217,619)

Economic Factors Affecting Home Mortgage Disclosure Act Reporting

Number of pages: 52 Posted: 13 Jun 2007
Michael LaCour-Little
California State University - Fullerton - Department of Finance
Downloads 273 (215,605)
Citation 2

Abstract:

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HMDA, mortgage, subprime

Economic Factors Affecting Home Mortgage Disclosure Act Reporting

Journal of Real Estate Research, Vol. 29, No. 4, 2007
Posted: 15 Nov 2007
Michael LaCour-Little
California State University - Fullerton - Department of Finance

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Home Mortgage Disclosure Act, HMDA, home loan, credit risk, yield curve

9.

Call Protection in Mortgage Contracts

Number of pages: 41 Posted: 15 Feb 2006
Michael LaCour-Little
California State University - Fullerton - Department of Finance
Downloads 240 (246,303)
Citation 1

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mortgage, callable debt, prepayment, prepayment penalty

10.

Commercial Mortgage Prepayments Under Heterogeneous Prepayment Penalty Structures

Journal of Real Estate Research Vol. 25, No. 3, 2003
Number of pages: 32 Posted: 05 Jan 2007
Qiang Fu, Michael LaCour-Little and Kerry D. Vandell
Indiana University, California State University - Fullerton - Department of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 238 (248,274)

Abstract:

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commercial mortgage, mortgage-backed security, prepayment penalty

11.

The Pricing of Mortgages by Brokers: An Agency Problem?

Journal of Real Estate Research, Vol. 31, No. 2, 2009
Number of pages: 30 Posted: 15 Oct 2009
Michael LaCour-Little
California State University - Fullerton - Department of Finance
Downloads 187 (310,501)
Citation 5

Abstract:

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Broker, Mortgage, origination

12.

Home Equity Conversion Mortgages: The Secondary Market Investor Experience

Number of pages: 41 Posted: 20 Oct 2017
Jaclene Begley, Hamilton B. Fout, Hamilton B. Fout, Michael LaCour-Little and Nuno Mota
GW CWAS, Federal National Mortgage Association (Fannie Mae)Kansas State University, California State University - Fullerton - Department of Finance and Federal National Mortgage Association (Fannie Mae)
Downloads 159 (357,895)
Citation 1

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Reverse Mortgage, Seniors, Life-Cycle Consumption Smoothing

13.

AVMs versus Appraisals in Refinances: Evaluating Anchoring Bias through Relative Risk Identification

Number of pages: 50 Posted: 11 Jun 2020 Last Revised: 14 Sep 2021
George Krivorotov and Michael LaCour-Little
Government of the United States of America - Office of the Comptroller of the Currency (OCC) and California State University - Fullerton - Department of Finance
Downloads 154 (367,505)

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Appraisal Bias, AVM, Refinancing, Mortgage Delinquency

14.

What Role Did Piggyback Lending Play in the Housing Bubble and Mortgage Collapse?

Number of pages: 55 Posted: 07 Oct 2010
Michael LaCour-Little, Charles A. Calhoun and Wei Yu
California State University - Fullerton - Department of Finance, Calhoun Consulting and California State Polytechnic University, Pomona
Downloads 153 (369,458)
Citation 2

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mortgage, foreclosure, housing, piggyback lending

15.

Benchmarking a New Affordable Home Mortgage

Number of pages: 32 Posted: 27 Aug 2021
Jaclene Begley, Hamilton B. Fout, Hamilton B. Fout, Michael LaCour-Little and Nuno Mota
GW CWAS, Federal National Mortgage Association (Fannie Mae)Kansas State University, California State University - Fullerton - Department of Finance and Federal National Mortgage Association (Fannie Mae)
Downloads 105 (493,028)

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sustainable homeownership, mortgages, low-to-moderate income homebuyers

16.

Adverse Selection and Climate Risk: A Response to Ouazad and Kahn (2022)

The Wharton School Research Paper Forthcoming
Number of pages: 27 Posted: 28 Aug 2023
Michael LaCour-Little, Andrey D. Pavlov and Susan M. Wachter
California State University - Fullerton - Department of Finance, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 97 (520,506)
Citation 1

Abstract:

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climate risk, mortgage securitization, adverse selection

17.

Adverse Selection in the Home Equity Line of Credit Market

Number of pages: 31 Posted: 19 Oct 2017
Michael LaCour-Little and Yanan Zhang
California State University - Fullerton - Department of Finance and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 97 (520,506)

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Mortgage Default and Prepayment, Home Equity Lines of Credit, Securitization

18.

Earthquakes and Price Discovery in the Housing Market: Evidence from New Zealand

INTERNATIONAL REAL ESTATE REVIEW, Volume: 19, Issue Number: 4, 2016
Number of pages: 21 Posted: 25 Oct 2017 Last Revised: 26 Oct 2017
Arsenio Staer and Michael LaCour-Little
California State University, Fullerton, Mihaylo College of Business & Economics, Department of Finance and California State University - Fullerton - Department of Finance
Downloads 69 (635,955)

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Housing Prices, Earthquakes, Auctions, Hedonic Regression

19.

Assumable Financing Redux: A New Challenge for Appraisal?

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 43 Posted: 12 Jul 2019
Michael LaCour-Little, Zhenguo (Len) Lin and Wei Yu
California State University - Fullerton - Department of Finance, Florida International University (FIU) - Hollo School of Real Estate and California State Polytechnic University, Pomona
Downloads 49 (746,463)

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20.

Response to Amine Ouazad and Mathew Kahn's Comment on LaCour-Little, Pavlov, and Wachter (RFS 2024)

Number of pages: 13
Michael LaCour-Little, Andrey D. Pavlov and Susan M. Wachter
California State University - Fullerton - Department of Finance, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 2

Abstract:

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Mortgage Securitization

21.

The Role of Home Equity Lending in the Recent Mortgage Crisis

Real Estate Economics, Forthcoming
Posted: 08 Aug 2012
Michael LaCour-Little, Wei Yu and Libo Sun
California State University - Fullerton - Department of Finance, California State Polytechnic University, Pomona and California State Polytechnic University, Pomona - Finance, Real Estate and Law Department

Abstract:

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mortgage, default, housing, home equity lending

22.

Parameter Stability and the Valuation of Mortgages and Mortgage-Backed Securities

Real Estate Economics, March 2012
Posted: 19 Apr 2011
Michael LaCour-Little, Yun W. Park and Richard K. Green
California State University - Fullerton - Department of Finance, Korea Securities Research Institute (KSRI) and University of Southern California - Lusk Center for Real Estate

Abstract:

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mortgage, model risk, prepayment

23.

Taking the Lie Out of Liar Loans: The Effect of Reduced Documentation on the Performance and Pricing of Alt-A and Subprime Mortgages

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Michael LaCour-Little and Jing Yang
California State University - Fullerton - Department of Finance and California State University, Fullerton

Abstract:

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24.

Home Equity Extraction by Homeowners: 2000-2006

Journal of Real Estate Research, 2009
Posted: 01 Feb 2009
Michael LaCour-Little, Eric Rosenblatt and Vincent Yao
California State University - Fullerton - Department of Finance, Federal National Mortgage Association (Fannie Mae) - Research and Georgia State University - J. Mack Robinson College of Business

Abstract:

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Cash our refinance, equity extraction

25.

Appraisal Quality and Residential Mortgage Default: Evidence from Alaska

Posted: 05 Jun 2003
Michael LaCour-Little and Stephen Malpezzi
California State University - Fullerton - Department of Finance and University of Wisconsin at Madison

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appraisal, mortgage, default, house price indices

26.

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
California State University - Fullerton - Department of Finance and Pennsylvania State University - Department of Insurance & Real Estate

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27.

The Evolving Role of Technology in Mortgage Finance

OLIN Working Paper No. 99-02
Posted: 11 Jul 2000
Michael LaCour-Little
California State University - Fullerton - Department of Finance

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28.

Applied Non-Parametric Regression Techniques: Estimating Prepayments on Fixed Rate Mortgage-Backed Securities

Downloads 0 (1,212,175)

Applied Non-Parametric Regression Techniques: Estimating Prepayments on Fixed Rate Mortgage-Backed Securities

OLIN-99-04
Posted: 22 Jun 2000
Michael LaCour-Little, Clark L. Maxam and Clark L. Maxam
California State University - Fullerton - Department of Finance and Braddock Financial Corporation - Tabor CenterTrailcrest Capital Advisors

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Applied Non-Parametric Regression Techniques: Estimating Prepayments on Fixed Rate Mortgage-Backed Securities

Posted: 25 Apr 2002
Clark L. Maxam, Clark L. Maxam and Michael LaCour-Little
Braddock Financial Corporation - Tabor CenterTrailcrest Capital Advisors and California State University - Fullerton - Department of Finance

Abstract:

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mortgage, prepayment, nonparametric

29.

Third Party Originators and Mortgage Prepayment Risk: An Agency Problem?

Posted: 16 Apr 1999
Michael LaCour-Little and Gregory H. Chun
California State University - Fullerton - Department of Finance and Kimpo College

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30.

Discrimination in Mortgage Lending: A Critical Review of the Literature

Journal of Real Estate Literature
Posted: 25 Nov 1998
Michael LaCour-Little
California State University - Fullerton - Department of Finance

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