The American Mortgage System: Crisis and Reform

List of Contributors

C o n t r i b u t o r s Michael S. Barr is a professor at the University of Michigan Law School and cofounded the International Transactions Clinic. He was on leave from 2009–2010, serving as the U.S. Department of the Treasury’s Assistant Secretary for Financial Institutions. He has previously served as a senior fellow at the Center for American Progress and at the Brookings Institution; as Treasury Secretary Robert E. Rubin’s Special Assistant; as Deputy Assistant Secretary of the Treasury; as Special Advisor to President William J. Clinton; as a special advisor and counselor on the policy planning staff at the State Department; and as a law clerk to U.S. Supreme Court Justice David H. Souter and then-District Court Judge Pierre N. Leval, of the Southern District of New York. Barr received his JD from Yale Law School and an M.Phil in international relations from Magdalen College, Oxford University, as a Rhodes scholar. Paul S. Calem is a senior economist at the Board of Governors of the Federal Reserve System in the Division of Banking Supervision and Regulation. He provides quantitative support for bank examinations in the areas of mortgage and retail credit risk and regulatory capital, provides policy analysis related to bank capital regulation and banking supervision, and conducts microeconomic research on mortgage markets, retail credit risk, and bank capital regulation. He rejoined the Board after spending several years as an economist in the private sector, including at LoanPerformance from 2005–2006 and at Freddie Mac from 2006–2009. Some of his current research topics include the impact of securitization on the non-agency mortgage market and geographic patterns of mortgage delinquency. Toni Dechario is a senior financial and economic analyst in the Supervisory and Regulatory Policy Department, part of the Bank Supervision Group at the Federal Reserve Bank of New York. In addition to housing sector topics, Dechario focuses on governance and incentive compensation issues. She also serves on the Secretariat of the 370 Contributors Senior Supervisors Group. Dechario has a master’s degree from Columbia University School for International and Public Affairs, where she studied international economic policy. Jane K. Dokko has been an economist at the Board of Governors of the Federal Reserve System since 2006. Her primary fields of study are public finance and labor. She has written several articles published in the National Tax Journal, Journal of Empirical Legal Studies, and Economic Policy, and has numerous articles in development. She has lectured at many conferences and has received several honors and fellowships, including the Moore Dissertation Prize from the Department of Economics at the University of Michigan, where she received her PhD degree in economics. Ingrid Gould Ellen is a professor of public policy and urban planning at New York University Wagner Graduate School of Public Service and Co-Director of the Furman Center for Real Estate and Urban Policy. She joined the Wagner faculty in the fall of 1997. Ellen’s research interests center on urban social and economic policy. She is the author of Sharing America’s Neighborhoods: The Prospects for Stable Racial Integration and has written numerous journal articles and book chapters related to housing policy, neighborhood change, urban growth, and school and neighborhood segregation . Before coming to New York University, Ellen held visiting positions at the Urban Institute and the Brookings Institution. Kathleen Engel, the Associate Dean for Intellectual Life and a professor of law at Suffolk University Law School, is a national authority on mortgage finance and regulation , subprime and predatory lending, and housing discrimination. Engel’s research on financial services markets and the laws that regulate them is frequently cited in the media and she presents her research in academic, banking, and policy forums throughout the United States and around the world. Lynn Fisher is an associate professor of real estate at the University of North Carolina Kenan-Flagler Business School. She was formerly an associate professor of real estate in the Department of Urban Studies and Planning and the Center for Real Estate (CRE) at the Massachusetts Institute of Technology (MIT), and director of the MIT/ CRE Housing Affordability Initiative. She received her PhD in business administration from the Smeal College of Business at Pennsylvania State University, where she concentrated on real estate finance and microeconomics. She also has an MS in business administration from Penn State. Thomas J. Fitzpatrick, IV is an economist in the Community Development Department at the Federal Reserve Bank of Cleveland...