Experiential / Reality-based Learning / January 4, 2011

Smith School Partners with NYU Stern to Host Conference on The GSEs, Housing & the Economy

The Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business partnered with the Salomon Center for the Study of Financial Institutions at the NYU Stern School of Business for a daylong conference on “The GSEs, Housing & the Economy” on January 24, 2011, in Washington, D.C. The conference brought together leading academic experts and policymakers to address issues facing government sponsored enterprises (GSEs) and effects on the housing industry and the macro economy. Keynote speakers were Rep. Randy Neugebauer (R-Texas), member of the House Financial Services Committee, and James Lockhart, former Director of Federal Housing Finance Agency (FHFA). Check back soon for more video and photo highlights.

Event Highlights


"How to Reform Mortgage Finance" Morning Panel
Moderated by John Gapper, associate editor and chief business commentator of the Financial Times

  • Privatization: Dwight Jaffee, University of California, Berkeley
  • Standardization: Susan Wachter, University of Pennsylvania
  • The Hybrid Model: Matthew Richardson, NYU Stern

Lunch Keynote Address

  • James Lockhart, former Director of FHFA

"Housing and the Macroeconomy" Afternoon Panel
Moderated by Victoria McGrane, a staff reporter with the Wall Street Journal

  • GSE Subsidies: Debbie Lucas, Assistant Director, Congressional Budget Office
  • Consequences of Mortgage Finance: Atif Mian, University of California, Berkeley
  • Tax Expenditures: Todd Sinai, University of Pennsylvania
  • The Macroeconomic Effects of Housing: Stijn Van Nieuwerburgh, NYU Stern

Conference Synthesis & Summation

  • Albert S. "Pete" Kyle, Robert H. Smith School of Business, University of Maryland

Media Coverage

Related Articles

  • Do the GSEs matter to low-income housing markets? An assessment of the effects of the GSE loan purchase goals on California housing outcomes
    Raphael W. Bostic, Stuart A. Gabriel
  • The GSEs, CRA, and Homeownership in Targeted Underserved Neighborhoods
    Stuart A. Gabriel
  • Do the GSEs Expand the Supply of Mortgage Credit? New Evidence of Crowd Out in the Secondary Mortgage Market
    Stuart A. Gabriel
  • The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
    Jack Favilukis, Sydney C. Ludvigson, Stijn Van Nieuwerburgh
  • Explaining the Housing Bubble
    Adam J. Levitin, Susan M. Wachter
  • Subprime Lending and Real Estate Prices
    Andrey D. Pavlov, Susan M. Wachter
  • The Inevitability of Market-Wide Underpricing of Mortgage Default Risk
    Andrey D. Pavlov, Susan M. Wachter

Media Contact

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About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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