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

29

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Top 11,707

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86

CROSSREF CITATIONS

38

Scholarly Papers (29)

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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 1,063 (36,430)
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 1,038 (37,650)
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, California State University - Fullerton - Department of Finance and George Mason University - School of Business
Downloads 893 (46,533)
Citation 49

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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, California State University - Fullerton - Department of Finance and George Mason University - School of Business
Downloads 869 (48,283)
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 354 (146,818)
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 352 (147,266)
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, California State University - Fullerton - Department of Finance and Corvinus University of Budapest
Downloads 307 (171,000)
Citation 7

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adjustable rate mortgage, prepayment, default

8.

Economic Factors Affecting Home Mortgage Disclosure Act Reporting

Downloads 253 (208,318)

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 253 (207,456)
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.

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 220 (237,522)

Abstract:

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commercial mortgage, mortgage-backed security, prepayment penalty

10.

Call Protection in Mortgage Contracts

Number of pages: 41 Posted: 15 Feb 2006
Michael LaCour-Little
California State University - Fullerton - Department of Finance
Downloads 204 (254,686)
Citation 1

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mortgage, callable debt, prepayment, 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 176 (290,329)
Citation 3

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 148 (336,073)
Citation 1

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Reverse Mortgage, Seniors, Life-Cycle Consumption Smoothing

13.

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 141 (349,289)
Citation 2

Abstract:

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mortgage, foreclosure, housing, piggyback lending

14.

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 130 (371,755)

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Appraisal Bias, AVM, Refinancing, Mortgage Delinquency

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 87 (491,849)

Abstract:

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

16.

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 87 (491,849)

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

17.

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 61 (599,052)

Abstract:

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Housing Prices, Earthquakes, Auctions, Hedonic Regression

18.

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

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 38 (733,540)

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climate risk, mortgage securitization, adverse selection

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 34 (769,988)

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20.

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

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mortgage, default, housing, home equity lending

21.

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

22.

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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23.

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

24.

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

Abstract:

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appraisal, mortgage, default, house price indices

25.

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

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26.

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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27.

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

Downloads 0 (1,056,430)

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

28.

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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29.

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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