Temporary Working Papers:
"The Good, the Bad and the Ordinary: Estimating Agent Value-Added Using Real Estate Transctions" (with Chris Cunningham and Lily Shen).
Revise and resubmit at Management Science.
"Government Litigation Risk and the Decline in Low-Income Mortgage Lending" (with Scott Frame, Erik Mayer, Billy Xu, and Lawrence Zha).
Revise and resubmit at Journal of Financial Economics.
"Mortgage Lock-in, Lifecycle Migration, and the Welfare Effects of Housing Market Liquidity" (with Franklin Qian and David Zhang).
Currently under revision.
Permanent Working Papers:
"The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO" (with W. Scott Frame and Paul Willen).
"Decomposing the Foreclosure Crisis: House Price Depreciation versus Bad Underwriting" with Adam Hale Shapiro and Paul S. Willen. 2009. Federal Reserve Bank of Atlanta Working Paper 2009-25.
"Subprime outcomes: Risky mortgages, homeownership experiences and foreclosures" with Adam Hale Shapiro and Paul S. Willen. 2007. Federal Reserve Bank of Boston Working Paper, 07-15.
Work in Progress:
"The Effect of Disclosure: from Capital Markets to Households” (with Sean Cao, Lijun Lei, and K. Ramesh)
"Household Liquidity Risk and Mortgage Default" (with Scott Frame and Joe Tracy)
“Common Lenders” (with Farzad Saidi, Daniel Streitz, and Carola Schenone)