When the housing boom of the past decade turned into a bust, falling house prices played a primary role in driving up delinquency and foreclosure rates. As housing values fell, distressed borrowers lost equity, which hindered their ability to escape delinquency by prepaying their mortgages by...

The current expansion has seen record-high levels of transactions in housing, extraordinary growth in the aggregate value of owner-occupied housing, and large increases in the amount of funds realized from the refinancing of mortgage debt. Many analysts thus have pointed to the strong housing...

Presentation to the Fourth Annual Haas Gala, San Francisco, CA, October 21, 2005

Presentation to the Monetary Policy Forum, New York, New York, February 24, 2012

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the Regional Economic Press Briefing, New York City.

Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.

Remarks before the Morris County Chamber of Commerce, Florham Park, New Jersey.

Remarks before the Bronx Chamber of Commerce at the New York Botanical Garden, Bronx, New York.