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Working Papers

Imperfect Information and the Housing Finance Crisis

Edward Golding, Richard Green, Douglas McManus • February 1, 2008

UCC08-6: This paper has two parts. First, we look at the various agents involved in the mortgage transaction—including borrowers, brokers, originators, rating agencies…
Working Papers

Mortgage Credit and the Evolution of Risk-Based Pricing

Frank Raiter, Francis Parisi • February 23, 2004

BABC 04-23: Mortgage lenders have long used credit scores as a basis for estimating borrower risk. This risk differentiation is reflected in the coupon rate of the loan…
Working Papers

The Fall (and Rise) of Public Housing

Paul Grogan, Tony Proscio • September 1, 2000

W00-7: The authors argue in this paper that the reengineering of failed inner city public housing projects that is underway is one of the most important and positive…