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).
Event Highlights
Videos
- Rep. Randy Neugebauer Discusses GSE's and Housing
- James Lockhart Discusses GSEs, Housing and the Economy
- How to Reform Mortgage Finance
- Housing and the Macroeconomy
- Issues for GSE Reform
- "The GSEs, Housing and The Economy" - Conference Summation by Albert S. “Pete” Kyle
Presentations
"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
"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
Media Coverage
- Top Financial Services Committee Republican Says Foreclosure Prevention Efforts ‘Need To Stop’
- Republican calls for Fannie, Freddie to hike fees
- GOP Rep.: Government should stop trying to prevent foreclosures
- Treasury Delays Report on Fannie and Freddie Reform
- Taxpayers Paid Millions In Fannie, Freddie Legal Fees (doesn't mention conference, but the reporter attended the morning session and got her quote from the Congressman there)
- Rep. Neugebauer: Let foreclosures occur
- Should the government stop trying to prevent foreclosures?
- US Rep Neugebauer: Government Must Scale Back Mortgage-Market Support
- Neugebauer: Feds need to get out of housing market
- A Guide to White House Options for the GSEs
- Treasury eyes Fannie, Freddie fees hikes
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
Greg Muraski
Media Relations Manager
301-405-5283
301-892-0973 Mobile
gmuraski@umd.edu
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.