Events Detail

Hudson Institute Center for Employment Policy and Center for Housing Policy cordially invite you to a conference entitled

Do Households Benefit from Financial Deregulation in the Mortgage Market?

Betsy and Walter Stern Conference Center
Hudson Institute
1015 15th Street, N.W., 6th Floor, Washington, D.C. 20005

The U.S. mortgage market has experienced phenomenal change over the last 35 years. The role that the housing Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, have played in the development of a secondary market in mortgages has been much discussed. Professor Harvey S. Rosen of Princeton University, former Chairman of the President’s Council of Economic Advisers, presents a new paper assessing changes in the mortgage market. He finds that households are now more able to buy homes whose values are consistent with their long-term income prospects, but finds no evidence that the GSEs' activities have contributed to this. Richard A. Brown, Chief Economist of the Federal Deposit Insurance Corporation, and John C. Weicher, Director of Hudson’s Center for Housing Policy, will comment.

The Honorable James B. Lockhart III, Director of the Office of Federal Housing Enterprise Oversight, will deliver a keynote address.

9:00 a.m.
Registration and Continental Breakfast

9:30 a.m.
Keynote Address:
Honorable James B. Lockhart III, Office of Federal Housing Enterprise Oversight

10:00 a.m.
Presenter:
Harvey S. Rosen, Princeton University

Discussants:
Richard A. Brown, Federal Deposit Insurance Corporation
John C. Weicher, Hudson Institute

Moderator:
Diana Furchtgott-Roth, Hudson Institute

To RSVP (acceptances only) or to request information, please contact Hudson Institute at 202.974.6451 or e-mail Xiuyue Zhu at Xiuyue@hudson.org

Hudson’s Center for Employment Policy is grateful to the Ewing Marion Kauffman Foundation for the support of this program.