Events Detail

          Mark Zandi, MoodyEconomy.com

   Top: Seldin, Wachter, Weicher, and Green

Bottom: Guttentag, McCoy, Westley and Zandi

Subprime mortgage lending was the subject of this Hudson research roundtable.  Economist Mark Zandi of Moody's economy.com presented a grim outlook for the mortgage and housing markets over the next two years.  Major policy changes were advocated, and debated vigorously, by Patricia McCoy of the University of Connecticut Law School and Emeritus Professor Jack Guttentag of the University of Pennsylvania.  The event was cosponsored by Hudson Institute, the Homer Hoyt Institute, the Institute for Urban Research at the University of Pennsylvania, and the Institute for Public Policy at George Washington University.  The sponsors saw the event as the first stage in developing a research agenda to promote an informed public policy response to the subprime debacle, on both the national and local level.

Roundtable:

"Addressing the Subprime Mortgage Crisis"

Wednesday, October 24

9:00 AM – 1:30 PM

John Weicher             Hudson Institute

Maury Seldin              Homer Hoyt Institute

Richard Green            The George Washington University

Susan Wachter           Institute for Urban Research, University of Pennsylvania

 "Overview of the Subprime Mortgage Crisis"

Steven Westley           Assistant Director, Financial Markets & Community Investment, U.S. Government Accountability Office

Download Westley's Powerpoint Presentation Here

"Policy Responses to the Subprime Crisis: Differing Perspectives"

Patricia McCoy  George J. & Helen M. England Professor of Law University of Connecticut   School of Law

Download McCoy's Powerpoint Presentation Here

Jack M. Guttentag     "The Mortgage Professor" columnist Professor of Finance Emeritus, The Wharton School, University of Pennsylvania      

Download Guttentag's Powerpoint Presentation Here

Keynote speaker: Mark Zandi, Chief Economist, Moody's economy.com

1:30 pm           Adjourn

Location:        Hudson Institute

Betsy and Walter Stern Conference Center