Presentation to the St. Louis Society of Financial Analysts, St. Louis, Mo., Jan. 13, 2005

Remarks before 40th Annual Conference on Bank Structure & Competition, Fairmont Hotel, Chicago, May 6, 2004

Presentation to the Institute of Governmental Affairs, University of California, Davis, Calif. - Oct. 18, 2001

a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Jan. 17, 2007

No. In this paper we use a regression discontinuity approach to investigate whether affordable housing policies influenced origination or affected prices of subprime mortgages. We use merged loan-level data on non-prime securitized mortgages with individual- and neighborhood-level data for...

Remarks before 40th Annual Conference on Bank Structure & Competition, Fairmont Hotel, Chicago, May 6, 2004

a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Jan. 17, 2007

Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs) with publicly traded equity. Although these companies hold government issued charters, their securities are not legally backed by the full faith and credit of the United States government. Yet, investors and rating agencies...

Presentation to the Institute of Governmental Affairs, University of California, Davis, Calif. - Oct. 18, 2001

Since the early 1990s, commercial banks have turned to Federal Home Loan Bank (FHLBank) advances to plug the gap between loan and deposit growth. Is this trend worrisome? On the one hand, advances implicitly encourage risk by insulating borrowers from market discipline. On the other, advances...