Real Estate Finance Conference - November 30–December 1, 2017
Federal Reserve Bank of Atlanta
1000 Peachtree Street, NE
Atlanta, Georgia 30309
The Federal Reserve Bank of Atlanta and the Georgia State University Department of Real Estate are hosting a two-day real estate finance conference on November 30–December 1, 2017. The conference will be on real estate finance broadly defined, including topics on both residential and commercial markets. The conference aims to bring together researchers and policymakers who work on these issues to explore recent advances in the field, to increase awareness of the subject, and to influence policy making by regulators and central banks.
|Thursday, November 30, 2017|
|8:20||Welcome and opening remarks
Dean Phillips, J. Mack Robinson College of Business at Georgia State University
|8:30||Session 1: RMBS Market
Chair: Vincent Yao, Georgia State Unversity
"Information Asymmetry in Private-Label Mortgage Securitization: Evidence from Allocations to Affiliated Funds"
Brent Ambrose, Pennsylvania State University
Moussa Diop, University of Wisconsin
Walter D'Lima, University of Notre Dame
Mark Thibodeau, Pennsylvania State University
Discussant: Rohan Ganduri, Emory University
"Market Dynamics Among the ABX Index, Credit Default Swaps, and Mortgage-Backed Bonds"
Michael Imerman, Lehigh University
Joe Mason, Louisiana State University
Rajesh Narayanan, Louisiana State University
Meredith Rhodes, Louisiana State University
Discussant: Feng Zhao, University of Texas–Dallas
|10:30||Session 2: Government Intervention in the Mortgage Market
Chair: Scott Frame, Federal Reserve Bank of Atlanta
"Pockets of Poverty: The Long-Term Effects of Redlining"
Ian Appel, Boston College
Jordan Nickerson, Boston College
Discussant: Bhash Mazumder, Federal Reserve Bank of Chicago
"The Effect of Government Mortgage Guarantees on Home Buying and Home Ownership"
Serafin Grundl, Federal Reserve Board
You Suk Kim, Federal Reserve Board
Discussant: Felipe Severino, Dartmouth College
Session 3: Technological and Measurement Advances
Chair: Shane Sherlund, Federal Reserve Board
"Highly Disaggregated Topological Land Unavailability"
Chandler Lutz, Copenhagen Business School
Ben Sand, York University
Discussant: Chris Foote, Federal Reserve Bank of Boston
"The Role of Technology in Mortgage Lending"
Andreas Fuster, Federal Reserve Bank of New York
Matthew Plosser, Federal Reserve Bank of New York
Philip Schnabl, New York University
James Vickery, Federal Reserve Bank of New York
Discussant: Sudheer Chava, Georgia Tech
||Session 4: Foreclosure Mitigation
Chair: Jim Conklin, University of Georgia
"Foreclosure Moratorium and Strategic Default"
Nikolaos Artavanis, University of Massachusetts
Ioannis Spyridopoulos, American University
Discussant: Paul Willen, Federal Reserve Bank of Boston
|"A Shortage of Short Sales: Explaining Under-Utilization of a Foreclosure Alternative"
Calvin Zhang, Federal Reserve Bank of Philadelphia
Discussant: Geng Li, Federal Reserve Board
|4:45||Session 4 (Continued)|
"Financial Fragility with SAM?"
Daniel Greenwald, Massachusetts Institute of Technology
Tim Landvoigt, University of Pennsylvania
Stijn Van Nieuwerburgh, New York University
Discussant: Jiro Yoshida, Pennsylvania State University
|5:30||Adjournment and reception|
|7:00||Conference dinner (Hudson Grille)|
|Friday, December 1, 2017|
|8:00 a.m.||Continental breakfast|
|8:30||Session 5: Speculative Activity, Financial Stability and the Mortgage Market
Chair: Kristopher Gerardi, Federal Reserve Bank of Atlanta
"The Price to Rent Ratio: A Macroprudential Application"
Sophia Gilbukh, Federal Reserve Bank of New York
Andrew Haughwout, Federal Reserve Bank of New York
Joseph Tracy, Federal Reserve Bank of Dallas
Discussant: Sam Kruger, University of Texas–Austin
"Economic Consequences of Housing Speculation"
Zhenyu Gao, Chinese University of Hong Kong
Michael Sockin, University of Texas
Wei Xiong, Princeton University
Discussant: Charles Nathanson, Northwestern University
|10:30||Session 6: Borrower Behavior in Mortgage Markets
Chair: Gonzalo Maturana, Emory University
"Responses to Saving Commitments: Evidence from Mortgage Run-offs"
Steffen Andersen, Copenhagen Business School
Philippe D'Astous, HEC Montreal
Jimmy Martinez-Correa, Copenhagen Business School
Stephen Shore, Georgia State University
Discussant: Benjamin Keys, University of Pennsylvania
"'I'll Have What She's Having': Identifying Social Influence in Household Mortgage Decisions"
W. Benedict McCartney, Duke University
Avni Shah, University of Toronto
Discussant: Kyle Mangum, Georgia State University
Keynote delivered by Egbert Perry
Session 7: Commercial Real Estate
Chair: Jon Wiley, Georgia State University
"There's No Place Like Home: Local Asset Concertation, Information Asymmetries, and Commercial Real Estate Returns"
David Ling, University of Florida
Andy Naranjo, University of Florida
Benjamin Scheick, Villanova University
Discussant: Brad Case, National Association of Real Estate Investment Trusts (NAREIT)
"Learning the Hard Way? Hurricanes and Commercial Real Estate Values"
Piet Eichholtz, Maastricht University
Eva Steiner, Cornell University
Erkan Yonder, Ozyegin University
Discussant: Shane Sherlund, Federal Reserve Board