Finance
Mortgage Prepayments: Factors beyond Interest Rate Movements
A model estimates the impact of economic variables on the pricing of prepayment risk
Finance
Sizing Up the Measurable Good of Affirmative Action
An economic model sets aside who loses and focuses on efficiency and overall growth
Finance
Chinese Investors Learn about Derivatives the Hard Way
Avanidhar Subrahmanyam’s examination of warrant trading reveals individuals’ poor grasp of complex securities
Finance
Single-Family Rentals: What Drives Investor Return?
Andrea Eisfeldt’s unique data set provides fresh insights for the growing institutional investor market
Finance
How Tech's Disruption Alters Investors' Appetite for Risk
New technology’s upending of the old creates demand for alternative assets to offset risk
Finance
The Housing Meltdown Would Have Been Far Worse Without California’s Anti-Foreclosure Laws
Restraining lenders saved hundreds of billions in home value
Finance
Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
Finance
When Younger Investors Overreact to News, Others Feel It
Inexperienced investors, lacking historical context, impact markets
Finance
In China, Big Investors Have Brilliant Timing ― Or Do They Know Someone?
A scan of a million brokerage accounts finds the wealthy trade ahead of market-moving news
Finance
Clues to the Market When Mortgage Originators Delay Securitization
With high-quality borrowers hard to judge from afar, Alt-A market offers quiet signal on creditworthiness