The article features a mortgage refinancing plan proposed by Prof. Chris Mayer and Dean Glenn Hubbard, and how the plan could support the housing market and US economy.
U.S. May Back Refinance Plan for Mortgages
The New York Times
The Atlantic discusses a study by Senior Vice Dean Chris Mayer that explores why consumers chose to default when they received news that their mortgage plan at Countrywide Financial was about to become part of a mortgage modification program.
Mortgage Modification Program Encourages Default
The Atlantic
Columbia Selects Diller Scofidio + Renfro to Design New Home in Manhattanville
Columbia University President Lee Bollinger, in consultation with Dean Glenn Hubbard and members of the Columbia Business School Board of Overseers, has chosen Elizabeth Diller of the New York-based architecture firm Diller Scofidio + Renfro to design the School's new facilities in Manhattanville.
Hubbard and Mayer Propose Mortgage Relief Plan
Representative Dennis Cardoza of California has adopted the plan as part of the proposed Housing Opportunity and Mortgage Equity Act.
Professor Calomiris argues that mortgage reform should include minimum downpayments for mortgage.
Time to introduce minimum downpayments for mortgages
Financial Times
Remembering Paul Milstein, Real Estate Legend and Philanthropist
Paul Milstein, leading New York real estate developer, philanthropist, and friend to the School, died on August 9.
Prof. Meier's research finds math deficiencies increase foreclosure risk.
Study Says Math Deficiencies Increase Foreclosure Risk
The New York Times
Prof. Bontempo discusses how buyers should negotiate in the current housing market in The Wall Street Journal.
As Housing Perks Up, Multiple Bids Come Back
The Wall Street Journal
Columbia Professors Offer New Proposal for Reducing Foreclosures
The plan aims to facilitate mortgage modifications, and thus reduce foreclosures, by compensating servicers and removing some legal constraints.
Bernstein Center Hosts Research Symposium on Financial Crisis
Leading academics and experts gathered to examine the origins of the financial crisis and discuss what actions policymakers might take to prevent it from happening again.
Professors Offer Views on Economy at Community Forum
Among the keys to solving the current economic crisis are promoting bank recapitalization and stabilizing housing prices, speakers said.
Mayer Named Senior Vice Dean
Christopher J. Mayer, the Paul Milstein Professor of Real Estate and
director of the Paul Milstein Center for Real Estate since 2003,
has been named the School’s next senior vice dean.