Douglas A. McManus

Federal Home Loan Mortgage Corporation (FHLMC)

Director of Financial Research

8200 Jones Branch Road

McLean, VA 22101

United States

SCHOLARLY PAPERS

17

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725

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Top 38,303

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CROSSREF CITATIONS

14

Scholarly Papers (17)

1.
Downloads 277 (109,832)
Citation 2

Residential Mortgage Credit Derivatives

Number of pages: 33 Posted: 14 Oct 2008
Jefferson Duarte and Douglas A. McManus
Rice University and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 275 (110,136)
Citation 1

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Credit risk, residential mortgages, credit derivatives

Residential Mortgage Credit Derivatives

Real Estate Economics, Vol. 39, Issue 4, pp. 671-700, 2011
Number of pages: 30 Posted: 16 Nov 2011
Jefferson Duarte and Douglas A. McManus
Rice University and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 2 (670,502)
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Residential Mortgage Credit Derivatives

Real Estate Economics, 2011
Posted: 10 Sep 2010 Last Revised: 01 Oct 2010
Jefferson Duarte and Douglas A. McManus
Rice University and Federal Home Loan Mortgage Corporation (FHLMC)

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credit risk, hedging

The HAMP NPV Model: Development and Early Performance

FHFA Working Paper No. 11-1
Number of pages: 40 Posted: 25 Jul 2011 Last Revised: 01 Aug 2011
Federal National Mortgage Association (Fannie Mae), Federal Housing Finance Agency (FHFA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Reserve Board of Governers, FDIC, Division of Insurance and Research and National Credit Union Administration
Downloads 199 (152,286)

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mortgage modification, mortgage default, HAMP, Home Affordable Modification Program

The HAMP NPV Model: Development and Early Performance

Real Estate Economics, Vol. 40, pp. S32-S64, 2012
Number of pages: 33 Posted: 28 Dec 2012
Federal National Mortgage Association (Fannie Mae), Federal Housing Finance Agency (FHFA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Reserve Board of Governers, FDIC, Division of Insurance and Research and National Credit Union Administration
Downloads 1 (684,722)
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The HAMP NPV Model: Development and Early Performance

Real Estate Economics, Forthcoming
Posted: 06 Mar 2012
Federal National Mortgage Association (Fannie Mae), Federal Housing Finance Agency (FHFA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Reserve Board of Governers, FDIC, Division of Insurance and Research and affiliation not provided to SSRN

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Mortgage Modification, Default, Prepayment

3.

Measuring Total Mortgage Market Credit Risk

Number of pages: 11 Posted: 03 Oct 2015
Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 75 (316,903)

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mortgage credit risk, expected loss, cycles

Alternative Lending Channels and the Crisis in U.S. Housing Markets

Number of pages: 35 Posted: 24 Dec 2011
James A. Berkovec, Yan Chang and Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 72 (327,785)

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House prices, Credit cycles, Asset bubbles

Alternative Lending Channels and the Crisis in U.S. Housing Markets

Real Estate Economics, Forthcoming
Posted: 22 Feb 2012
James A. Berkovec, Yan Chang and Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)

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House prices, Credit cycles, Asset bubbles

5.

The Effect of Mortgage Payment Reduction on Default: Evidence from the Home Affordable Refinance Program

Number of pages: 23 Posted: 12 Nov 2014
Jun Zhu, Jared Janowiak, Lu Ji, Kadiri Karamon and Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC), Independent, Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 70 (329,357)
Citation 1

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mortgage default, credit risk

6.

Spillover Effects of Continuous Forbearance Mortgages

Number of pages: 22 Posted: 12 Feb 2016
Kadiri Karamon, Douglas A. McManus and Elias Yannopoulos
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 30 (467,535)

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Mortgage modification, financial crisis, economic stimulus

7.

Alternative Lending Channels and the Crisis in U.S. Housing Markets

Real Estate Economics, Vol. 40, pp. S8-S31, 2012
Number of pages: 24 Posted: 28 Dec 2012
Jim Berkovec, Yan Chang and Douglas A. McManus
affiliation not provided to SSRN, Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)
Downloads 1 (652,327)
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Refinance and Mortgage Default: A Regression Discontinuity Analysis of HARP's Impact on Default Rates

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 13 Jun 2016
Kadiri Karamon, Douglas A. McManus and Jun Zhu
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Urban Institute

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HARP, Refinance, Mortgage Default, Fuzzy RDD

Refinance and Mortgage Default: A Regression Discontinuity Analysis of Harp's Impact on Default Rates

Journal of Real Estate Finance and Economics, Vol. 55, No. 4, 2017
Posted: 27 Nov 2017 Last Revised: 18 Mar 2018
Kadiri Karamon, Douglas A. McManus and Jun Zhu
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and The Urban Institute

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HARP; Refinance; Mortgage default; Fuzzy RDD

The Effect of Mortgage Payment Reduction on Default: Evidence from the Home Affordable Refinance Program

Real Estate Economics, Vol. 43, Issue 4, pp. 1035-1054, 2015
Number of pages: 20 Posted: 26 Oct 2015
Jun Zhu, Jared Janowiak, Lu Ji, Kadiri Karamon and Douglas A. McManus
The Urban Institute, The Boeing Company - Boeing Employee Credit Union, Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Federal Home Loan Mortgage Corporation (FHLMC)
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The Effect of Mortgage Payment Reduction on Default: Evidence from the Home Affordable Refinance Program

Real Estate Economics, Forthcoming
Posted: 20 Jun 2015 Last Revised: 22 Jun 2015
Douglas A. McManus, Jared Janowiak, Lu Ji, Kadiri Karamon and Jun Zhu
Federal Home Loan Mortgage Corporation (FHLMC), Independent, Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and Urban Institute

Abstract:

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mortgage default

10.

The Effects of Closure Policies on Bank Risk-Taking

Journal of Banking and Finance, Vol. 15, Nos. 4-5, 1991
Posted: 26 Oct 2008
Sally M. Davies and Douglas A. McManus
Government of the United States of America - International Banking Section and Federal Home Loan Mortgage Corporation (FHLMC)

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bank regulation, moral hazard

11.

Resolving the Scale Efficiency Puzzle in Banking

Journal of Banking and Finance, Vol. 17, Nos. 2-3, 1993
Posted: 26 Oct 2008
Patrick McAllister and Douglas A. McManus
Lincoln Financial Group and Federal Home Loan Mortgage Corporation (FHLMC)

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returns to scale, finance, banking

12.

Does Mortgage Hedging Raise Long-Term Interest Rate Volatility?

Journal of Fixed Income, Vol. 17, March 2005
Posted: 26 Oct 2008
Yan Chang, Douglas A. McManus and Buchi Ramagopal
Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Mortgage Corporation (FHLMC) and affiliation not provided to SSRN

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hedging, interest rate volatility

13.

Multiple Optima and Asymptotic Approximations in the Partial Adjustment Model

Journal of Econometrics, Vol. 62, 1994
Posted: 26 Oct 2008
Douglas A. McManus, John C. Nankervis and N. Eugene Savin
Federal Home Loan Mortgage Corporation (FHLMC), University of Essex - Department of Accounting, Finance & Management and University of Iowa - Henry B. Tippie College of Business - Department of Economics

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Econometrics, Asymptotic Theory, Power

14.

How Common is Identification in Parametric Models?

Journal of Econometrics, Vol. 53, No. 1-3, pp. 5-23, 1992
Posted: 14 Oct 2008
Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC)

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Identification, nonlinear parametric models

15.

Who Invented Local Power Analysis?

Econometric Theory, Vol. 7, No. 2, 1991
Posted: 14 Oct 2008
Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC)

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Econometrics, Asymptotic Theory, Power

16.

Measuring Scale and Scope Economies in Banking Using the Localized Translog Functional Form

Board of Governors of the Federal Reserve System Working Paper No 94-30
Posted: 06 Sep 1999
Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC)

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17.

Making the Cobb-Douglas Functional Form an Efficient Nonparametric Estimator Through Localization

Federal Reserve Working Paper No. 94-31
Posted: 03 Sep 1999 Last Revised: 14 Oct 2008
Douglas A. McManus
Federal Home Loan Mortgage Corporation (FHLMC)

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