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Keston Institute for Public Finance and Infrastructure Policy's Richard Little Inducted into the National Academy of Construction
Little Recognized for Devotion to the Improvement of Public Facilities LOS ANGELES -- Richard G. Little, director of The Keston Institute for Public Finance and Infrastructure Policy Keston Institute, has been elected to the National Academy of Construction NAC (http://www.naocon.org). Little was nominated for a career devoted to improving...
Are Underserved Borrowers Lower Risk? New Evidence on the Performance and Pricing of FHA-Insured Mortgages
While prior analyses have provided evidence of elevated default probabilities among mortgages originated to lower income, less credit worthy, and minority populations, those risks may be offset by the reduced prepayment probabilities of those loans. This paper employs micro-data from the FHA to estimate an option-based hazard model of the...
Bad Policies or Systemic Dysfunction? The Perils of Financial Globalization: A South View
The literature on globalization has rapidly mushroomed over the past 10 years. Public fora concerned with the issue span the whole spectrum between the World Economic Forum in Davos and the World Social Forum in Porto Allegro. The increased use of derivatives, particularly through over the counter trading and off-...
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