Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate

Co-director, Penn Institute for Urban Research (Penn IUR) and Albert Sussman Professor of Real Estate

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104-6330

United States

http://real.wharton.upenn.edu/~wachter/index.html

University of Pennsylvania - Finance Department

Professor

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

http://real.wharton.upenn.edu/~wachter/index.html

  • University of Pennsylvania - Wharton School, Department of Real Estate

    • Email
    • Tel: 215-898-6355

  • University of Pennsylvania - Finance Department

SCHOLARLY PAPERS

105

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323

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417

Scholarly Papers (105)

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1.

Explaining the Housing Bubble

Georgetown Law Journal, Vol. 100, No. 4, pp. 1177-1258, University of Pennsylvania Institute for Law & Economics Research Paper No. 10-15, Georgetown Public Law Research Paper No. 10-60, Georgetown Law and Economics Research Paper No. 10-16
Number of pages: 82 Posted: 01 Sep 2010 Last Revised: 07 May 2015
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 9,097 (1,208)
Citation 43

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housing bubble, securitization, mortgage, MBS, RMBS, CMBS, PLS, Fannie Mae, Freddie Mac, GSE, informational asymmetries, community reinvestment act, affordable housing goals, irrational exuberance, standardization, housing finance, real estate

2.

Securitization: Cause or Remedy of the Financial Crisis?

Georgetown Law and Economics Research Paper No. 1462895, U of Penn, Inst for Law & Econ Research Paper No. 09-31
Number of pages: 19 Posted: 28 Aug 2009 Last Revised: 16 May 2012
Adam J. Levitin, Andrey D. Pavlov and Susan M. Wachter
Georgetown University Law Center, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 2,290 (12,028)
Citation 3

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securitization, mortgages, subprime, bubble, housing finance, MBS, mortgage-backed securities, credit default swaps, mispricing

3.

Inflation and Real Estate Investments

U of Penn, Inst for Law & Econ Research Paper No. 11-33
Number of pages: 23 Posted: 29 Nov 2011 Last Revised: 18 Aug 2016
Brad Case and Susan M. Wachter
Fannie Mae and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 2,107 (13,764)
Citation 14

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Property, securities, real estate investment trusts, REIT, REITs, hedge effectiveness, illiquid assets, portfolio allocation, Sharpe ratio, inflation protection, inflation sensitivity

4.

Systemic Risk through Securitization: The Result of Deregulation and Regulatory Failure

Connecticut Law Review, Vol. 41, p. 493, May 2009
Number of pages: 49 Posted: 26 Mar 2009 Last Revised: 16 May 2012
Patricia A. McCoy, Andrey D. Pavlov and Susan M. Wachter
Boston College Law School, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,954 (15,472)
Citation 3

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Securitization, credit default swap, subprime, mortgage, asset bubble

5.

The Commercial Real Estate Bubble

Harvard Business Law Review, Vol. 3, pp. 83-118 (2013), Georgetown Law and Economics Research Paper No. 12-005, Georgetown Public Law Research Paper No. 12-018
Number of pages: 36 Posted: 16 Feb 2012 Last Revised: 17 Jul 2013
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,554 (22,074)
Citation 11

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commercial real estate, CMBS, CDO, bubble, securitization, B-piece, Basel, rating agencies, capital requirements, residential real estate, housing, REMIC

6.

Real Estate Booms and Banking Busts: An International Perspective

Downloads 1,395 (25,974)
Citation 3

Real Estate Booms and Banking Busts: An International Perspective

The Wharton School Research Paper No. 99-27
Number of pages: 110 Posted: 09 Jan 2015
Richard J. Herring and Susan M. Wachter
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,395 (25,526)
Citation 3

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7.

Subprime Lending and Real Estate Markets

U of Penn, Inst for Law & Econ Research Paper No. 08-35, MORTGAGE AND REAL ESTATE FINANCE, Stefania Perrucci, ed., Risk Books, 2008
Number of pages: 17 Posted: 24 Dec 2008
Susan M. Wachter, Andrey D. Pavlov, Zoltan Pozsar and Zoltan Pozsar
University of Pennsylvania - Wharton School, Department of Real Estate, Simon Fraser University (SFU) - Finance Area and Credit SuisseShadow Banking Colloquium (INET)
Downloads 1,152 (34,295)

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Real Property, real estate, realty, mortgages, housing prices, credit crunch, foreclosures, financial engineering, lending standards, housing market collapse, underpriced financing, interest only mortgages, negative amortization mortgages, leverage, cyclicality, housing bubble

8.

Bank Lending and Real Estate in Asia: Market Optimism and Asset Bubbles

Number of pages: 20 Posted: 04 Dec 2004
Winston T.H. Koh, Roberto S. Mariano, Andrey D. Pavlov, Sock Yong Phang, Augustine H.H. Tan and Susan M. Wachter
Singapore Management University - School of Social Sciences, Singapore Management University, Simon Fraser University (SFU) - Finance Area, Singapore Management University - School of Economics, Singapore Management University - School of Social Sciences and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 967 (44,029)
Citation 7

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Real estate bubble, lender optimism, disaster myopia, Asian financial crisis

9.

State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms

Journal of Economics and Business, Vol. 60, p. 47, 2008
Number of pages: 47 Posted: 10 Aug 2007 Last Revised: 26 Oct 2012
Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 901 (48,551)
Citation 18

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Subprime lending, enforcement mechanisms, predatory lending, anti-predatory lending laws, mortgage lending, homeownership

10.

REITS and Underlying Real Estate Markets: Is There a Link?

U of Penn, Inst for Law & Econ Research Paper No. 11-20
Number of pages: 71 Posted: 07 Jul 2011
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 884 (49,848)
Citation 10

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property price index, real estate investment trusts, real estate returns, commercial real estate, property prices, local agglomeration effects, closed-end mutual fund

11.

The American Mortgage in Historical and International Context

Journal of Economic Perspectives, Vol. 19, No. 4, pp. 93-114, Fall 2005, U of Penn, Inst for Law & Econ Research Paper No. 06-12
Number of pages: 23 Posted: 14 Jun 2006
Richard K. Green and Susan M. Wachter
University of Southern California - Lusk Center for Real Estate and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 837 (53,747)
Citation 25

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home mortgages, mortgage debt, historical evolution of U.S. mortgage structure

12.

The Housing Finance Revolution

U of Penn, Inst for Law & Econ Research Paper No. 09-37
Number of pages: 32 Posted: 22 Oct 2009
Richard K. Green and Susan M. Wachter
University of Southern California - Lusk Center for Real Estate and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 812 (55,951)
Citation 13

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Real estate, mortgages, housing, capital markets, securitization, mortgage security infrastructure, liquidity, subprime mortgage-backed securities, MBS, marked to model, systemic underpricing of risk, speculation, pricing of risks, default risk, underpriced credit

13.

Why Housing?

Housing Policy Debate, Vol. 23, pp. 5-27 (2013), U of Penn, Inst for Law & Econ Research Paper No. 12-28, Georgetown Law and Economics Research Paper No. 12-035, Georgetown Public Law Research Paper No. 12-127
Number of pages: 24 Posted: 22 Aug 2012 Last Revised: 17 Jul 2013
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 656 (74,006)
Citation 5

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bubble, mortgage, housing, interest rates, securitization, agency, CDO

14.

The Neighborhood Distribution of Subprime Mortgage Lending

Downloads 572 (87,945)

The Neighborhood Distribution of Subprime Mortgage Lending

Number of pages: 32 Posted: 12 Dec 2003
Paul S. Calem, Kevin Gillen and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania, Wharton and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 572 (86,889)
Citation 20

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Subprime lending, mortgage market, low-income households, minority households, mortgage lending patterns

The Neighborhood Distribution of Subprime Mortgage Lending

Posted: 10 Feb 2004
Paul S. Calem, Kevin Gillen and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania, Wharton and University of Pennsylvania - Wharton School, Department of Real Estate

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15.

Information Failure and the U.S. Mortgage Crisis

In THE AMERICAN MORTGAGE SYSTEM: RETHINK AND REFORM, Susan Wachter and Marty Smith, eds., University of Pennsylvania Press, Forthcoming , University of Pennsylvania Institute for Law & Economics Research Paper No. 10-19
Number of pages: 40 Posted: 06 Oct 2010 Last Revised: 28 Nov 2012
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 538 (95,016)
Citation 1

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Credit Crunch, Financial Crisis, Mortgage Pools, Rating Agencies, Subprime Mortgage Credit, Asset Bubbles, Open Information, Transparency, MBS, Informationally Shrouded Mortgages, Default Risk, Securitization, Standardization

16.

Neighborhood Patterns of Subprime Lending: Evidence from Disparate Cities

Number of pages: 31 Posted: 02 Sep 2004
Paul S. Calem, Jonathan E. Hershaff and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 505 (102,655)
Citation 7

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Subprime mortgages, Mortgage lending and race, Mortgage lending and neighborhood

17.

Subprime Lending and House Price Volatility

U of Penn, Inst for Law & Econ Research Paper No. 08-33
Number of pages: 29 Posted: 22 Dec 2008 Last Revised: 16 May 2012
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 460 (114,839)
Citation 9

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Real Property, real estate, realty, mortgages, housing prices, aggressive lending, interest only mortgages, negative amortization mortgages, leverage, real estate cycle, housing bubble, price peaks, price declines, negative demand shock

18.

Underpriced Lending and Real Estate Markets

Number of pages: 26 Posted: 15 Apr 2007
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 440 (120,965)
Citation 19

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real estate bubble, lender optimism, disaster myopia, Asian financial crisis

19.

The Dodd-Frank Act and Housing Finance: Can It Restore Private Risk Capital to the Securitization Market?

Yale Journal on Regulation, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 11-35, Georgetown Law and Economics Research Paper No. 11-32
Number of pages: 27 Posted: 10 Dec 2011 Last Revised: 15 May 2012
Adam J. Levitin, Andrey D. Pavlov and Susan M. Wachter
Georgetown University Law Center, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 439 (121,266)
Citation 3

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Real estate, mortgages, financial regulation, reform, Dodd-Frank Act, mortgage-backed securities, lending models, credit risk information, securitized assets, information shrouding, underpricing, standardization, information asymmetry, risk pricing

20.

Immigration and the Neighborhood

FRB of Philadelphia Working Paper No. 06-22, IZA Discussion Paper No. 2503
Number of pages: 60 Posted: 21 Sep 2006
Albert Saiz, Albert Saiz and Susan M. Wachter
MIT Department of Urban Studies and PlanningIZA Institute of Labor Economics and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 424 (126,358)
Citation 37

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Immigration, housing prices

21.

Do Cities and Suburbs Cluster?

Number of pages: 12 Posted: 05 Apr 1999
William N. Goetzmann, Matthew I. Spiegel and Susan M. Wachter
Yale School of Management - International Center for Finance, Yale University - Yale School of Management, International Center for Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 421 (127,386)
Citation 3

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22.

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 388 (139,807)
Citation 3

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flood risk, housing market, insurance

23.

Explaining the United States' Uniquely Bad Housing Market

Wharton Real Estate Review, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 08-34
Number of pages: 29 Posted: 26 Dec 2008
Jesse M. Abraham, Andrey D. Pavlov and Susan M. Wachter
affiliation not provided to SSRN, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 377 (144,371)

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Real Property, real estate, realty, mortgages, housing prices, aggressive lending, credit expansion, lending standards, leverage, real estate cycle, housing bubble, housing market declines

24.

Urban Governance and Development of Informality in China and India

Informal Real Estate Markets, Eugenie Birch, Shahana Chattaraj and Susan Wachter, eds, University of Pennsylvania Press, Forthcoming
Number of pages: 27 Posted: 21 Aug 2014 Last Revised: 09 Sep 2014
Arthur Acolin, Shahana Chattaraj and Susan M. Wachter
University of Washington - College of Built Environments, University of Pennsylvania and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 370 (147,434)

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Urbanization; China; India; Urban Governance; Informal Markets; Comparative Urban Development

25.

Subprime Lending: Neighborhood Patterns Over Time in Us Cities

U of Penn, Inst for Law & Econ Research Paper No. 06-19
Number of pages: 32 Posted: 31 Jul 2006
Susan M. Wachter, Karl Russo and Jonathan E. Hershaff
University of Pennsylvania - Wharton School, Department of Real Estate, University of Pennsylvania - The Wharton School and Board of Governors of the Federal Reserve System
Downloads 368 (148,384)
Citation 5

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subprime lending patterns, high credit risk, high borrowing costs, low income, minority, nationwide study, Hispanic, education, income

26.

Systemic Risk and Market Institutions

Yale Journal on Regulation, Vol. 26, No. 2, 2009, University of Pennsylvania, Institute for Law & Economics Research Paper No. 09-26
Number of pages: 15 Posted: 27 Aug 2009
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 352 (156,251)
Citation 4

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Real estate, mortgages, housing, mortgage-backed securities, pricing of risks, default risk, incentive misalignments, underpriced credit, asset price inflation, market bubbles

27.

Mortgage Product Substitution and State Anti-Predatory Lending Laws: Better Loans and Better Borrowers?

Atlantic Economic Journal, Vol. 40, p. 273, 2012, U of Penn, Inst for Law & Econ Research Paper No. 09-27, Suffolk University Law School Research Paper No. 09-44
Number of pages: 51 Posted: 26 Aug 2009 Last Revised: 24 Oct 2012
Raphael W. Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Government of the United States of America - Office of the Comptroller of the Currency (OCC), Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 342 (160,740)
Citation 14

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Real estate, mortgages, housing, abusive lending, predatory lending, mortgage products, product substitution, adjustment to prohibition

28.

Does Credit Quality Matter for Homeownership?

Number of pages: 32 Posted: 14 Dec 2003
Irina Barakova, Raphael W. Bostic, Paul S. Calem and Susan M. Wachter
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 316 (174,895)
Citation 15

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Credit quality, homeownership, barriers to homeownership, household credit rating, financial constraints and homeownership

29.

The Option Value of Non-Recourse Lending and Inflated Asset Prices

Number of pages: 35 Posted: 13 Mar 2002
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 310 (178,467)
Citation 4

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30.

Mortgage Risk Premiums during the Housing Bubble

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 51 Posted: 12 Dec 2017 Last Revised: 23 Oct 2020
Adam J. Levitin, Desen Lin and Susan M. Wachter
Georgetown University Law Center, California State University, Fullerton and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 308 (179,683)
Citation 4

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housing bubble, risk premium, securitization, private-label

31.

The Public Option in Housing Finance

46:4 UC Davis Law Review 1111-1173 (2013), U of Penn, Inst for Law & Econ Research Paper 11-34, Georgetown Public Law Research Paper No. 1966550, Georgetown Law and Economics Research Paper No. 1966550
Number of pages: 63 Posted: 13 Dec 2011 Last Revised: 19 May 2015
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 304 (182,142)
Citation 2

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Real estate, mortgage, housing market, housing finance regulation, financial regulation, government intervention, government sponsored enterprises, public good, mortgage-backed securities, securitization, Great Depression, New Deal, HOLC, Fannie Mae, FHA, Freddie Mac, Dodd-Frank Act

32.

Land Use Regulation, Regulatory Spillover and Housing Prices

Number of pages: 33 Posted: 17 May 2019 Last Revised: 02 Oct 2020
Desen Lin and Susan M. Wachter
California State University, Fullerton and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 303 (182,783)
Citation 1

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housing prices, land use regulation, spillover effect, California

33.

Do Foreign Buyer Taxes Affect House Prices?

Number of pages: 43 Posted: 11 Oct 2021
Jonathan Hartley, Li Ma, Susan M. Wachter, Albert A. Zevelev and Albert A. Zevelev
Stanford University, Baruch College, CUNY, University of Pennsylvania - Wharton School, Department of Real Estate and University of Pennsylvania - The Wharton SchoolCity University of New York (CUNY) - Department of Real Estate
Downloads 302 (183,418)
Citation 2

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Housing, House Prices, Foreign Buyer Taxes, Vacancy Taxes

34.

The Housing and Credit Bubbles in the US and Europe: A Comparison

Number of pages: 10 Posted: 11 Oct 2014 Last Revised: 15 Oct 2014
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 296 (187,403)
Citation 1

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35.

Second-Liens and the Leverage Option

Vanderbilt Law Review, Vol. 68, 2015, U of Penn, Inst for Law & Econ Research Paper No. 15-13
Number of pages: 45 Posted: 30 Jan 2015 Last Revised: 26 Mar 2015
Adam J. Levitin and Susan M. Wachter
Georgetown University Law Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 293 (189,447)
Citation 7

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second-lien, junior mortgage, leverage, loan-to-value, LTV, CLTV, embedded option

36.

The Ongoing Financial Upheaval: Understanding the Sources and Way Out

U of Penn, Inst for Law & Econ Research Paper No. 09-30
Number of pages: 18 Posted: 31 Aug 2009
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 286 (194,216)
Citation 1

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Real estate, mortgages, housing, speculation, foreclosure, mortgage-backed securities, MBS, pricing of risks, default risk, incentive misalignments, underpriced credit, asset price inflation, market bubbles

37.

Sustainable Homeownership

Number of pages: 29 Posted: 22 Mar 2009
Paul S. Calem, Susan M. Wachter and Marsha Courchane
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania - Wharton School, Department of Real Estate and Charles River Associates (CRA)
Downloads 283 (196,310)
Citation 2

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Homeownership, Mortgage Lending, Subprime Lending

38.

Underpriced Default Spread Exacerbates Market Crashes

U of Penn, Inst for Law & Econ Research Paper No. 06-13
Number of pages: 34 Posted: 23 Jun 2006
Winston T.H. Koh, Roberto S. Mariano, Andrey D. Pavlov, Sock Yong Phang, Augustine H.H. Tan and Susan M. Wachter
Singapore Management University - School of Social Sciences, Singapore Management University, Simon Fraser University (SFU) - Finance Area, Singapore Management University - School of Economics, Singapore Management University - School of Social Sciences and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 282 (197,766)
Citation 3

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real estate bubble, lender optimism, disaster myopia, Asian financial crisis

39.

Representations and Warranties: Why They Did Not Stop the Crisis

Evidence and Innovation in Housing Law and Policy (L. Fennell & B. Keys, eds., Cambridge University Press, 2017 Forthcoming), Boston College Law School Legal Studies Research Paper No. 402
Number of pages: 46 Posted: 02 Jun 2016 Last Revised: 08 Jul 2016
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 264 (210,670)
Citation 2

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Representations and warranties; put-back claims; buyback claims; repurchase claims; access to credit; procyclicality

40.

The Role of Speculation in Real Estate Cycles

Number of pages: 44 Posted: 27 Mar 2015
Stephen Malpezzi and Susan M. Wachter
University of Wisconsin at Madison and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 258 (215,489)
Citation 41

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Cycles, Speculation, Asset Pricing, Expectations

41.

Credit Risk Transfer, Informed Markets, and Securitization

Economic Policy Review, Vol. 24, No. 3, 2018
Number of pages: 21 Posted: 10 Dec 2018
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 255 (218,049)
Citation 5

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credit risk transfer; securitization; GSEs; transparency; market efficiency

42.

Climate Risk in Mortgage Markets: Evidence from Hurricanes Harvey and Irma

Number of pages: 60 Posted: 14 Nov 2021 Last Revised: 16 Jan 2024
Pedro Gete, Athena Tsouderou and Susan M. Wachter
IE Business School, University of Miami and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 247 (224,947)
Citation 3

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Climate Risk, CRT, Credit Risk, GSEs, Hurricanes, Mortgages

43.

Borrowing Constraints and Homeownership

American Economic Review, Vol. 106, No. 5, pp. 625-629, 2016
Number of pages: 9 Posted: 22 Jan 2016 Last Revised: 03 Aug 2016
Arthur Acolin, Jesse Bricker, Paul S. Calem and Susan M. Wachter
University of Washington - College of Built Environments, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 247 (224,947)
Citation 9

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borrowing constraints, homeownership, credit supply

44.

A Renter or Homeowner Nation?

Cityscape, Forthcoming
Number of pages: 16 Posted: 22 Jan 2016 Last Revised: 11 Feb 2016
Arthur Acolin, Laurie S. Goodman and Susan M. Wachter
University of Washington - College of Built Environments, The Urban Institute - Housing Finance Policy Center and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 240 (231,457)
Citation 2

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Homeownership Rate, Future Housing Demand, America 2050

45.

The Consequences of REIT Index Membership for Return Patterns

Number of pages: 49 Posted: 20 Sep 2016 Last Revised: 21 Feb 2023
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Penn State Smeal College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 227 (244,146)

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Real Estate, Investment, Index Membership, REITs

46.

Real Estate Prices in Beijing, 1644 to 1840

Explorations in Economic History, Forthcoming
Number of pages: 54 Posted: 16 Nov 2012 Last Revised: 05 Dec 2012
Daniel M. G. Raff, Susan M. Wachter and Se Yan
University of Pennsylvania - Management Department, University of Pennsylvania - Wharton School, Department of Real Estate and Peking University - Guanghua School of Management
Downloads 217 (254,775)
Citation 2

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Historic House Price Index, China Housing Market, Long Term House Price Index

47.

The Affordability Challenge: Inclusionary Housing and Community Land Trusts in a Federal System

Value Capture and Land Policies, Gregory K. Ingram and Yu-Hung Hong, eds., Lincoln Institute of Land Policy, 2012
Number of pages: 33 Posted: 29 Nov 2012
Richard Voith and Susan M. Wachter
Econsult Corporation and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 200 (274,592)

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Housing Affordability, Inclusionary Zoning, Community Land Trusts

48.

The Market Structure of Securitisation and the US Housing Bubble

Number of pages: 24 Posted: 11 Oct 2014 Last Revised: 08 May 2015
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 190 (287,659)
Citation 3

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mortgage securitisation, credit risk, housing bubble, housing finance

49.

The Public Interest in Consumer and Mortgage Credit Markets

University of Pennsylvania Institute for Law & Economic Research Paper No. 10-05
Number of pages: 34 Posted: 01 Apr 2010
Eric S. Belsky and Susan M. Wachter
Harvard University and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 183 (297,365)

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Banking and Finance, Law and Economics, Credit Market Regulation, Externalities, Equal Access to Credit, Asymmetric Information, Principle-Agent Problems, Market Structure, Securitization, Mortgage Credit Crunch, Loan Quality and Pricing Information

50.

The Impacts of Borrowing Constraints on Homeownership

The American Real Estate and Urban Economics Association (AREUEA), Reprinted from Journal of the American Real Estate and Urban Economics Association, Vol. 17, No. 4, pp. 389-402, Winter 1989
Number of pages: 15 Posted: 22 Dec 2009
Peter Linneman and Susan M. Wachter
University of Pennsylvania - Real Estate Department and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 183 (297,365)
Citation 10

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Economics, Economic Development and Real Estate, Housing and Community Development

51.

Repeat Sales House Price Index Methodology

Number of pages: 25 Posted: 25 Jun 2014
Chaitra Nagaraja, Lawrence D. Brown and Susan M. Wachter
Fordham University - Gabelli School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 181 (300,240)
Citation 11

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52.

Credit Risk, Informed Markets, and Securitization

Number of pages: 23 Posted: 12 Jan 2018
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 168 (320,545)
Citation 1

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MBS, CRT, Credit Risk Transfer, Securitization, Financial Crisis, Recession

53.

The Government-Sponsored Enterprises as Stabilization Tools.

Number of pages: 34 Posted: 22 Jun 2020 Last Revised: 10 Nov 2023
Chuqiao Bi, Pedro Gete, Athena Tsouderou and Susan M. Wachter
Cornell University - SC Johnson Graduate School of Business, IE Business School, University of Miami and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 167 (322,245)

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CRT, Credit Risk, GSEs, Covid-19, Mortgages, Recessions.

54.

The Price Effects of Greening Vacant Lots: How Neighborhood Attributes Matter

Real Estate Economics (Forthcoming)
Number of pages: 69 Posted: 09 Aug 2021 Last Revised: 20 Jun 2022
Desen Lin, Shane Jensen and Susan M. Wachter
California State University, Fullerton, University of Pennsylvania - Statistics Department and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 165 (325,533)

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vacant lot, green space, amenity, Philadelphia

55.

Why Do Young Adults Coreside with Their Parents?

Acolin, A., Lin, D., & Wachter, S. M. (2024). Why do young adults coreside with their parents? Real Estate Economics, 52(1), 7-44. https://doi.org/10.1111/1540-6229.12467
Number of pages: 67 Posted: 11 Apr 2023 Last Revised: 12 Mar 2024
Arthur Acolin, Desen Lin and Susan M. Wachter
University of Washington - College of Built Environments, California State University, Fullerton and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 161 (332,505)

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household formation, young adults, housing costs, Covid pandemic, housing demand

56.

Borrowing Constraints and Homeownership Over the Recent Cycle

Number of pages: 27 Posted: 14 Mar 2016
Arthur Acolin, Jesse Bricker, Paul S. Calem and Susan M. Wachter
University of Washington - College of Built Environments, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 158 (337,806)
Citation 4

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borrowing constraints, homeownership, credit supply

57.

Misaligned Incentives and Mortgage Lending in Asia

U of Penn, Inst for Law & Econ Research Paper No. 08-27
Number of pages: 33 Posted: 22 Oct 2008 Last Revised: 04 Sep 2013
Richard K. Green, Roberto S. Mariano, Andrey D. Pavlov and Susan M. Wachter
University of Southern California - Lusk Center for Real Estate, Singapore Management University, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 155 (343,246)
Citation 2

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real estate, mortgage securitization, banking, instability, mortgage-backed securities, MBS markets, Asia

58.

REIT Capital Structure Choices: When Does Preparation Matter?

Number of pages: 47 Posted: 21 Apr 2021
Desen Lin, Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
California State University, Fullerton, Simon Fraser University (SFU) - Finance Area, Penn State Smeal College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 145 (362,503)

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Real estate investment, leverage, financial crisis

59.

The Performance of New Private-Label Mortgage Loan Modifications after 2009

Number of pages: 54 Posted: 06 Jul 2012
Arthur Acolin, Ren S. Essene, Min Hwang, Jacob Liebschutz, Patricia A. McCoy, Jessica Russell and Susan M. Wachter
University of Washington - College of Built Environments, Independent, George Washington University - Department of Finance, Harvard University - Harvard Kennedy School (HKS), Boston College Law School, Independent and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 141 (370,518)
Citation 1

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mortgage, loan modification

60.

Endowments and Minority Homeownership

Cityscape, Forthcoming
Number of pages: 65 Posted: 26 Nov 2018
Arthur Acolin, Desen Lin and Susan M. Wachter
University of Washington - College of Built Environments, California State University, Fullerton and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 140 (372,601)

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homeownership, race, permanent income, Fair Housing Act

61.

REIT Capital Structure Choices: Preparation Matters

Real Estate Economics, Forthcoming
Number of pages: 46 Posted: 06 Feb 2016 Last Revised: 21 Feb 2023
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Penn State Smeal College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 134 (385,513)
Citation 1

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Real estate investment; leverage; financial crisis

62.

Implications of the Housing Market Bubble for Sustainable Homeownership

THE AMERICAN MORTGAGE SYSTEM: RETHINK AND REFORM, Susan Wachter and Marty Smith, eds., University of Pennsylvania Press, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 10-27
Number of pages: 33 Posted: 03 Nov 2010
Paul S. Calem, Leonard I. Nakamura and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 128 (399,637)

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Mortgage, High Risk Mortgage, High Risk Lending, Securitization, Risk Transfer, Housing Bubble

63.

Credit Impairment and Housing Tenure Choice

U of Penn, Inst for Law & Econ Research Paper No. 08-31
Number of pages: 43 Posted: 02 Dec 2008
Paul S. Calem, Simon Firestone and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 127 (402,016)

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real estate, housing, barriers to homeownership, underwriting standards, credit history, low-income homeownership, choice of property tenure, property forms

64.

Credit Supply and Housing Prices in National and Local Markets

Number of pages: 18 Posted: 11 Oct 2014 Last Revised: 23 May 2015
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 124 (409,300)

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Real estate economics; Housing economics; Systemic risk

65.

Why Cyclicality Matters to Access to Mortgage Credit

Boston College Journal of Law and Social Justice, Vol. XVII, Forthcoming, Boston College Law School Legal Studies Research Paper No. 440
Number of pages: 43 Posted: 04 Jan 2017 Last Revised: 10 Mar 2017
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 117 (427,368)

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Countercyclical Regulation, Housing Bubbles, Credit Bubbles, Access to Mortgage Credit

66.

Race and Policy: 50 Years after the Fair Housing Act

Penn IUR Brief APRIL 2019
Number of pages: 25 Posted: 17 May 2019
Vincent Reina and Susan M. Wachter
University of Pennsylvania and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 110 (447,459)

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Fair Housing Act, Housing Access, Housing Segregation, Housing Discrimination

67.

Price Discovery in the Credit Markets

Number of pages: 21 Posted: 08 Dec 2017 Last Revised: 11 Dec 2017
Andrey D. Pavlov, Eduardo S. Schwartz, Eduardo S. Schwartz and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Simon Fraser University (SFU)University of California, Los Angeles (UCLA) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 108 (453,527)
Citation 3

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Credit Insurance, Credit Default Swaps, Price Discovery

68.

Global Food Prices and Domestic Inflation: Some Cross-Country Evidence

IMF Working Paper No. 15/133
Number of pages: 35 Posted: 21 Jul 2015
Davide Furceri, Prakash Loungani, John A. Simon and Susan M. Wachter
International Monetary Fund (IMF), International Monetary Fund (IMF), Reserve Bank of Australia - Economic Research and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 108 (453,527)
Citation 4

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Food prices, External shocks, Inflation, Developed countries, Emerging markets, Cross country analysis, pass-through, economies, food price inflation, advanced economies, monetary policy, money, consumption, inflation expectations, domestic inflation

69.

Mortgage Default Option Mispricing and Procyclicality

Number of pages: 32 Posted: 21 Jun 2013 Last Revised: 31 Oct 2013
Andrew Davidson, Alex Levin and Susan M. Wachter
Andrew Davidson and Co., Inc., Andrew Davidson and Co., Inc. and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 106 (459,676)
Citation 3

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Mortgage, Default, Option, Mispricing, Procyclicality

70.

Homeownership Counseling Performance: How Can it Be Measured?

Housing Policy Debate, Vol. 7, No. 1, 1996
Number of pages: 26 Posted: 02 Mar 2010
Roberto Quercia and Susan M. Wachter
University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 102 (472,509)
Citation 1

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Homeownership, Low-income housing, Programs

71.

Racial and Ethnic Disparities in Homeownership

Housing Policy Debate, Vol. 3, No. 2, 1992
Number of pages: 34 Posted: 19 Aug 2018 Last Revised: 22 Aug 2018
Susan M. Wachter and Isaac F. Megbolugbe
University of Pennsylvania - Wharton School, Department of Real Estate and Johns Hopkins University - W.P. Corey Business School
Downloads 99 (482,247)
Citation 6

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Homeownership, Race, Ethnicity

72.

Price Revelation and Efficient Mortgage Markets

Number of pages: 7 Posted: 02 Dec 2009
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 98 (485,474)
Citation 4

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73.

Why the Ability-to-Repay Rule is Vital to Financial Stability

Boston College Law School Legal Studies Research Paper No. 510, Georgetown Law Journal, Vol. 108, No. 3, p. 649, March 2020
Number of pages: 66 Posted: 05 Sep 2019 Last Revised: 10 Jun 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 93 (502,308)

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financial stability, systemic risk, housing bubbles, ability-to-repay rule, mortgages, Dodd-Frank Act, sectoral tools

74.

Borrowing Constraints and the Tenure Choice of Young Households

NBER Working Paper No. w5630
Number of pages: 30 Posted: 13 Apr 1998 Last Revised: 22 May 2022
Donald R. Haurin, Patric H. Hendershott and Susan M. Wachter
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 87 (523,698)
Citation 12

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75.

Why are Aggressive Mortgage Products Bad for the Housing Market?

Number of pages: 35 Posted: 28 Mar 2016
Andrew Davidson, Alex Levin, Andrey D. Pavlov and Susan M. Wachter
Andrew Davidson and Co., Inc., Andrew Davidson and Co., Inc., Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 85 (531,109)
Citation 2

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76.

Borrowing Constraints during the Housing Bubble

Number of pages: 29 Posted: 07 Mar 2013 Last Revised: 21 Dec 2013
Irina Barakova, Paul S. Calem and Susan M. Wachter
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 83 (538,889)
Citation 7

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tenure choice, borrowing constraint, credit constraint, mortgage supply, homeownership, credit bubble

77.

The Macroprudential Implications of the Qualified Mortgage Debate

83 Journal of Law and Contemporary Problems 21 (2020)
Number of pages: 27 Posted: 23 Sep 2019 Last Revised: 17 Mar 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 81 (546,833)

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housing bubble, systemic risk, qualified mortgage, access to credit

78.

'Credit Risk Transfer and the Sustainability of Housing Finance':

Number of pages: 6 Posted: 14 Dec 2017
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 81 (546,833)

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79.

Cities with Affordable Housing: Fulfilling the New Urban Agenda

Number of pages: 33 Posted: 16 Oct 2020
Kyung-Hwan Kim and Susan M. Wachter
School of Economics, Sogang University and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 80 (550,903)

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Housing, SDGs, Housing Finance, Development

80.

Coalescence in the Housing Finance Reform Debate?

6 Penn Wharton Public Policy Initiative Issue Brief No. 4, June 2016
Number of pages: 8 Posted: 14 Jul 2016 Last Revised: 02 Aug 2016
Susan M. Wachter and Patricia A. McCoy
University of Pennsylvania - Wharton School, Department of Real Estate and Boston College Law School
Downloads 77 (563,097)

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Housing finance reform, Government Sponsored Entities

81.

Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

Downloads 75 (571,634)

Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

NBER Working Paper No. w5070
Number of pages: 59 Posted: 11 Jun 2000 Last Revised: 10 Nov 2022
Donald R. Haurin, Susan M. Wachter and Patric H. Hendershott
Ohio State University (OSU) - Economics, University of Pennsylvania - Wharton School, Department of Real Estate and University of Aberdeen - Centre for Property Research
Downloads 75 (579,192)

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Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

J. OF HOUSING RESEARCH
Posted: 13 Sep 1996
Donald R. Haurin, Patric H. Hendershott and Susan M. Wachter
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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82.

Analyzing the Relationships Among Race, Wealth, and Home Ownership in America

Journal of Housing Economics, Vol. 8, 1999
Number of pages: 27 Posted: 09 Jan 2018
Joseph Gyourko, Peter Linneman and Susan M. Wachter
University of Pennsylvania - Real Estate Department, University of Pennsylvania - Real Estate Department and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 74 (575,934)
Citation 9

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83.

Real Estate and the Great Crisis: Lessons for Macro-Prudential Policy

Number of pages: 21 Posted: 05 Jul 2017
John V. Duca, Lilit Popoyan and Susan M. Wachter
Oberlin College, Queen Mary University of London - School of Business and Management and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 74 (575,934)
Citation 1

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Macro-prudential policy, financial crises, credit crunches, real estate bubbles, regulatory arbitrage, risk-taking

84.

Transparency in the Mortgage Market

Number of pages: 26 Posted: 18 Nov 2016
Andrey Pavlov, Susan M. Wachter and Albert Zevelev
Independent, University of Pennsylvania - Wharton School, Department of Real Estate and Independent
Downloads 72 (584,703)
Citation 2

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mortgage market, mortgage, transparency, transparent, mortgage lending

85.

Expected Home Ownership and Real Wealth Accumulation of Youth

NBER Working Paper No. w5629
Number of pages: 29 Posted: 23 Apr 1998 Last Revised: 20 Nov 2022
Donald R. Haurin, Susan M. Wachter and Patric H. Hendershott
Ohio State University (OSU) - Economics, University of Pennsylvania - Wharton School, Department of Real Estate and University of Aberdeen - Centre for Property Research
Downloads 66 (612,439)
Citation 1

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86.

Lending Competition, Regulation and Non-Traditional Mortgages

Number of pages: 48 Posted: 26 Dec 2017 Last Revised: 26 Oct 2021
Arthur Acolin, Xudong An and Susan M. Wachter
University of Washington - College of Built Environments, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 62 (632,492)
Citation 1

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lending competition, non-traditional mortgage, credit supply, anti-predatory lending regulation

87.

What is a Tree Worth? Green-City Strategies and Housing Prices

Number of pages: 30 Posted: 03 Jul 2011
Grace Wong Bucchianeri and Susan M. Wachter
University of Pennsylvania - Real Estate Department and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 60 (642,774)

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Housing price, Social capital, Signaling, Tree planting

88.

The Impact of State Antipredatory Lending Laws: Policy Implications and Insights

BORROWING TO LIVE: CONSUMER AND MORTGAGE CREDIT REVISITED, Joint Center for Housing Studies, Harvard University and Brookings Institution Press, 2008, 3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 41 Posted: 03 Apr 2008 Last Revised: 25 Oct 2012
Raphael W. Bostic, Patricia A. McCoy, Anthony Pennington-Cross, Susan M. Wachter and Kathleen C. Engel
Federal Reserve Bank of Atlanta, Boston College Law School, Marquette University - Dept. of Finance, University of Pennsylvania - Wharton School, Department of Real Estate and Suffolk University Law School
Downloads 59 (648,088)
Citation 1

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subprime, lending regulations, mortgages, predatory lending

89.

First-Time Homebuyers: Toward a New Measure

FRB of Philadelphia Working Paper No. 17-36
Number of pages: 17 Posted: 24 Oct 2017
Arthur Acolin, Paul S. Calem, Julapa Jagtiani and Susan M. Wachter
University of Washington - College of Built Environments, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 57 (658,819)
Citation 2

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first-time home buyers, homeownership, credit access, housing market trends

90.

Redlining and Public Policy

Redlining and Public Policy, 1980
Number of pages: 8 Posted: 22 Jul 2019
Susan M. Wachter and Jack Guttentag
University of Pennsylvania - Wharton School, Department of Real Estate and University of Pennsylvania - The Wharton School
Downloads 48 (711,629)

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Redlining, mortgages, public policy, housing, real estate

91.

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 44 (737,338)
Citation 1

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climate risk, mortgage securitization, adverse selection

92.

1968 Congressional FHA Amendments to the National Housing Act: Their Impact on Urban Areas

The Urban Impact of Federal Policies, 1980
Number of pages: 13 Posted: 24 Jul 2019
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 38 (779,514)

Abstract:

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FHA, Housing, Real Estate, Urban Policy, Cities

93.

'Mortgage Lending and Systemic Crises: Defending Macro-Stability'

Number of pages: 5 Posted: 27 Jun 2019
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 38 (779,514)

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CRT, Credit Risk, GSE, Fannie Mae, Freddie Mac, Mortgage

94.

Is the CRA Still Relevant to Mortgage Lending?

Number of pages: 22 Posted: 06 Sep 2019
Paul S. Calem, Lauren Lambie-Hanson and Susan M. Wachter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 34 (809,908)

Abstract:

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Mortgages, Community Reinvestment Act, CRA, FHA

95.

Macroeconomic Risk Factors and the Role of Mis-Priced Credit in the Returns from International Real Estate Securities

AREUEA, 2013
Number of pages: 34 Posted: 24 Feb 2023
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Penn State Smeal College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 25 (885,801)

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Real Estate Investment Firms, International Asset Pricing, Macroeconomic Risk Factors, Credit Markets

96.

The American Housing Finance System: Structure, Evolution, and Implications

Number of pages: 44
Yongheng Deng, Susan M. Wachter and Heejin Yoon
Wisconsin School of Business, University of Wisconsin-Madison, University of Pennsylvania - Wharton School, Department of Real Estate and Wisconsin School of Business
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American Mortgage, Mortgage System, Housing Finance, Banking Crisis, Mortgage Regulation, Government-Sponsored Enterprise (GSE), Conservatorship, GSE Reform, Basel III, Savings and Loan Association (S&L), Mortgage-Backed Securities

97.

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

Real Estate Economics, Forthcoming
Posted: 06 Dec 2013
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Penn State Smeal College of Business and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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Real estate investment firms, International asset pricing, Macroeconomic risk factors, Credit markets

98.

Interest Rates, User Cost of Capital, and Housing Price Dynamics

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Man Cho, Kyung-Hwan Kim and Susan M. Wachter
KDI School of Public Policy and Management, Sogang University and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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99.

The Effects of Land-Use Constraints on Housing Prices

Posted: 24 Feb 2010
Susan M. Wachter
University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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100.

Mortgage Put Options and Real Estate Markets

Journal of Real Estate Finance and Economics, Vol. 38, No. 1, 2009
Posted: 20 Oct 2008
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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real estate bubble, mortgage lending put options, Asian financial crisis

101.

Robbing the Bank: Non-Recourse Lending and Asset Prices

Posted: 01 Oct 2003
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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asset pricing, lending markets, price bubbles

102.

Racial Differences in Homeownership: The Effect of Residential Location

Posted: 22 Nov 2002
Yongheng Deng, Stephen L. Ross and Susan M. Wachter
Wisconsin School of Business, University of Wisconsin-Madison, University of Connecticut - Department of Economics and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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Homeownership, Residential Location, Race, Credit Constraints, Equity Risk

103.

Anisotropic Autocorrelation in House Prices

Posted: 30 Jun 2002
Kevin Gillen, Thomas G. Thibodeau and Susan M. Wachter
University of Pennsylvania, Wharton, University of Colorado at Boulder - Leeds School of Business and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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spatial autocorrelation, house price indices

104.

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

Abstract:

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REITs, Economies of Scale

105.

Suburbs and Cities

Posted: 15 Nov 1996
William N. Goetzmann, Matthew I. Spiegel and Susan M. Wachter
Yale School of Management - International Center for Finance, Yale University - Yale School of Management, International Center for Finance and University of Pennsylvania - Wharton School, Department of Real Estate

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Other Papers (3)

Total Downloads: 167
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1.

What is a Tree Worth? Green-City Strategies and Housing Prices

Number of pages: 19 Posted: 27 Sep 2006
Susan M. Wachter and Grace Wong Bucchianeri
University of Pennsylvania - Wharton School, Department of Real Estate and University of Pennsylvania - Real Estate Department
Downloads 167

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2.

What is a Tree Worth? Green-City Strategies and Housing Prices

Posted: 04 Aug 2006
Susan M. Wachter and Grace Wong Bucchianeri
University of Pennsylvania - Wharton School, Department of Real Estate and University of Pennsylvania - Real Estate Department

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3.

Revenge of the S&Ls: How Banks Lost a Half Trillion Dollars during 2022

Number of pages: 42
Rebel A. Cole, Brian Silverstein, Jon Taylor, Lawrence J. White, Lawrence J. White and Susan M. Wachter
Florida Atlantic University, Kansas State University, Florida Gulf Coast University - Department of Accounting, Finance & Business Law, New York University (NYU) - Leonard N. Stern School of Business, Department of EconomicsStern School of Business, New York University and University of Pennsylvania - Wharton School, Department of Real Estate
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bank failure, interest-rate risk, mortgage, mortgage-backed securities, uninsured deposits