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Show Results For
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All HBS Web
(369)
- News (84)
- Research (237)
- Multimedia (3)
- Faculty Publications (140)
Borrowing to Live: Consumer and Mortgage Credit Revisited
Americans are awash in debt. Credit undergirds daily life more than ever before—it is one of the defining aspects of life in the United States today. The damage from a depressed housing market is exacerbated by the subprime lender implosion, sending shock waves... View Details
- 10 May 2013
- News
What if the Mortgage Deduction is Eliminated?
- August 2017
- Supplement
Canada Mortgage and Housing Corporation in Motion: Video Supplement
By: Boris Groysberg and Sarah L. Abbott
Evan Siddall, newly appointed CEO of Canada Mortgage Housing Corporation, a governmental organization focused on the residential housing market, is charged with leading change at the organization. The case follows this process of change step by step and looks at the...
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Keywords:
Leading Change;
Organization Behavior;
Government;
Performance;
Leadership;
Change;
Organizational Change and Adaptation;
Organizational Culture;
Nonprofit Organizations;
Government Administration;
Restructuring;
Risk Management;
Financial Services Industry;
Canada
Groysberg, Boris, and Sarah L. Abbott. "Canada Mortgage and Housing Corporation in Motion: Video Supplement." Harvard Business School Multimedia/Video Supplement 418-701, August 2017.
- 2023
- Working Paper
When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets
By: Pari Sastry, Ishita Sen and Ana-Maria Tenekedjieva
This paper studies how homeowners insurance markets respond to growing climate losses and how this impacts mortgage market dynamics. Using Florida as a case study, we show that traditional insurers are exiting high risk areas, and new lower quality insurers are...
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Keywords:
Insurance;
Natural Disasters;
Governing Rules, Regulations, and Reforms;
Insurance Industry;
Florida
Sastry, Pari, Ishita Sen, and Ana-Maria Tenekedjieva. "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets." Harvard Business School Working Paper, No. 24-051, February 2024. (SSRN Working Paper Series, No. 4674279, December 2023.)
- 2011
- Book
Moving Forward: The Future of Consumer Credit and Mortgage Finance
By: Nicolas P. Retsinas and Eric Belsky
The recent collapse of the mortgage market revealed fractures in the credit market that have deep roots in the system's structure, conduct, and regulation. The time has come for a clear-eyed assessment of what happened and how the system should be strengthened and...
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Keywords:
Financial Crisis;
Capital Markets;
Credit;
Financial Markets;
Mortgages;
Personal Finance;
Governing Rules, Regulations, and Reforms;
Demand and Consumers;
Financial Services Industry
Retsinas, Nicolas P., and Eric Belsky, eds. Moving Forward: The Future of Consumer Credit and Mortgage Finance. Brookings Institution Press, 2011.
Market Power in Mortgage Lending and the Transmission of Monetary Policy
We present evidence that high concentration in mortgage lending reduces the sensitivity of mortgage rates and refinancing activity to mortgage-backed security (MBS) yields. We isolate the direct effect of concentration and rule out alternative explanations in two ways....
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- 11 Oct 2022
- Research & Ideas
Shrinking the Racial Wealth Gap, One Mortgage at a Time
and approved, but when minority loan officers shepherd those applications, approval rates increase significantly, says Adi Sunderam, the Willard Prescott Smith Professor of Corporate Finance at Harvard Business School, in the working paper, “The Impact of Minority...
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- 20 Oct 2015
- News
This could be the next 'subprime mortgage crisis'
Moving Forward: The Future of Consumer Credit and Mortgage Finance
The recent collapse of the mortgage market revealed fractures in the credit... View Details
- March 25, 2011
- Article
Heretic Reality: Mortgage Interest Deduction Needs to be Slashed
By: Robert C. Pozen
Pozen, Robert C. "Heretic Reality: Mortgage Interest Deduction Needs to be Slashed." Forbes.com (March 25, 2011).
- 30 Oct 2014
- Working Paper Summaries
Housing Collateral, Credit Constraints, and Entrepreneurship-Evidence from a Mortgage Reform
- Article
The Effects of Interest Rates on Mortgage Prepayments
By: Jerry R. Green and John B. Shoven
Green, Jerry R., and John B. Shoven. "The Effects of Interest Rates on Mortgage Prepayments." Journal of Money, Credit & Banking 18, no. 1 (February 1986): 41–59.
- July 1989
- Case
Fidelity Management Research Co.: The Mortgage Securities Fund
Hiller, Randall S. "Fidelity Management Research Co.: The Mortgage Securities Fund." Harvard Business School Case 190-024, July 1989.
- May 2007 (Revised January 2011)
- Teaching Note
Bankinter: Deploying the Mortgage Simulator to the Branches (TN)
By: Francisco de Asis Martinez-Jerez
Teaching note to 107070.
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- August 2009
- Teaching Note
U.S. Subprime Mortgage Crisis: Policy Reactions (TN) (A) and (B)
By: Laura Alfaro and Renee Kim
Teaching Note for [708036] and [709045].
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- May 2007
- Supplement
Bankinter: Deploying the Mortgage Simulator to the Branches, (107-070) dataset supplement
By: Francisco de Asis Martinez-Jerez
- Research Summary
Working on paper on how to restructure the public and private market for home mortgages in the US
the paper analyzes the main rationales for subsidizing homeownership from an international perspective, offers criteria for who should be subsidized in the future, discusses how these governmental subsidies should be implemented and how the private market for mortgage...
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- 04 Aug 2010
- News
A Lonely Crusader
We’ve all read stories about those rare individuals who saw the financial crisis coming and profited handsomely from their contrarian insights. Add to that list of contrarians hedge fund manager Bill Ackman (MBA ’92), whose six-year crusade to expose the financial...
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- Article
Financing Constraints, Home Equity and Selection into Entrepreneurship
By: Thais Laerkholm Jensen, Søren Leth-Petersen and Ramana Nanda
We exploit a mortgage reform that differentially unlocked home equity across the Danish population and study how this impacted selection into entrepreneurship. We find that increased entry was concentrated among entrepreneurs whose firms were founded in industries...
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Keywords:
Mortgage Reform;
Home Equity;
Financing Constraints;
Entrepreneurs;
Entrepreneurship;
Mortgages;
Denmark
Jensen, Thais Laerkholm, Søren Leth-Petersen, and Ramana Nanda. "Financing Constraints, Home Equity and Selection into Entrepreneurship." Journal of Financial Economics 145, no. 2A (August 2022): 318–337.