Research

The Center and its faculty produce research and presentations of interest to the professional and academic community.

Recent Presentations

Anthony B. Sanders - Presentation to NAIOP/GMU Conference on Distressed Assets

Richard Parkus - Presentation to NAIOP/GMU Conference on Distressed Assets

Gerald Hanweck - Presentation to NAIOP/GMU Conference on Distressed Assets

Presentation to NAIOP on Commercial Real Estate, July 2009
Presentation to ULI on REITs and CMBS, August 2009

Current Research

"CDO Issuance and the Pricing of Mortgage Debt" with Yongheng Deng and Stuart Gabriel

"Thy Neighbor's Mortgage: Does Living in a Subprime Neighborhood Impact Your Probability of Default," with Sumit Agarwal, Brent Ambrose and Souphala Chomsisengphet.

"CMBS Special Servicers and Adverse Selection in Commercial Mortgage Markets: Theory and Evidence." with Brent Ambrose and Abdullah Yavas.

"The Impact of Shareholder Power on Bondholders: Evidence from Mergers" with Anil Makhija and Angie Low

Selected Publications

"Securitization vs. Traditional Banks: An Agnostic View of the Future of Fannie Mae, Freddie Mac, and Banks,"Gerald Hanweck, Anthony B. Sanders and Robert Van Order, Lombard Street, Volume 1 | Issue 13, September 28, 2009.

"The Government's Role in Housing and the Role of Fannie and Freddie: Dual Roles Missions and Dueling Charters" Anthony B. Sanders and Robert Van Order, Journal of Law and Policy, forthcoming.

"List Prices, Sale Prices, and Marketing Time: An Application to U.S. Housing Markets" Don Haurin, Taylor Nadauld and Anthony B. Sanders, Real Estate Economics, forthcoming.

"Securitization After the Fall" Andrew Davidson and Anthony B. Sanders. Housing after the Fall: Reassessing the Future of the American Dream, funded by John D. and Catherine T. MacArthur Foundation.

"The Subprime Crisis and its Role in the Financial Crisis."Anthony B. Sanders, Journal of Housing Economics, 2009.

"Subordination Levels in Structured Financing," The Handbook of Financial Intermediation and Banking, Xudong An, Yongheng Deng and Anthony B. Sanders, edited by A. Boot and A.Thakor, (North Holland Press, 2008).

"Structuring CMOs, IOs, and POs," Andrew Davidson and Anthony B. Sanders. Handbook of Finance, Frank Fabozzi, ed. 2008.

"The Sub Prime Crisis: Implications for Emerging Markets," Britt Gwinner and Anthony B. Sanders. World Bank Policy Research Working Paper No. 4726, 2008.

"Does Regulatory Capital Arbitrage or Asymmetric Information Drive Securitization?" Brent Ambrose, Michael Lacour-Little and Anthony B. Sanders Journal of Financial Services Research, Vol. 28, No. 1-3. (October 2005), pp. 113-133.

"Barriers to Home-ownership and Housing Quality: The Impact of the International Mortgage Market,"Anthony B. Sanders, Journal of Housing Economics, Vol. 14, 147-152, 2005.

"Shared Appreciation Mortgages: The UK Experience," Anthony B. Sanders and V. Carlos Slawson, Journal of Housing Economics, Vol. 14, 178-193, 2005.

"REITs, IPO Waves, and Long Run Performance" Richard Buttimer, David Hyland and Anthony B. Sanders, Real Estate Economics, Vol. 33, No. 1, pp. 51-87, 2005.

"The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis" Brent Ambrose,Michael Lacour-Little and Anthony B. Sanders,Real Estate Economics, Vol. 32, pp. 541-569, 2004.

"Legal Restrictions in Personal Loan Markets"Brent Ambrose and Anthony B. Sanders,Journal of Real Estate Finance and Economics, Vol. 30, No. 2, 2004

"International Real Estate Returns: A Multifactor, Multicountry Approach" Shaun Bond, Andrew Karolyi and Anthony B. Sanders, Real Estate Economics, Volume 31, Issue 3, pp. 481 - 500, September 2003.

"Commercial Mortgage (CMBS) Default and Prepayment Analysis"Brent Ambrose and Anthony B. Sanders, Journal of Real Estate Finance and Economics, Vol. 26, No. 2-3, March-May 2003.