Nancy Wallace
California Chair of Real Estate and Urban Economics
Co-Chair of the Fisher Center for Real Estate and Urban Economics
Co-Chair of the Fisher Center for Real Estate and Urban Economics
Professor Nancy Wallace's seminar in Real Estate Finance and Securitization uses a series of real-life cases. Says Professor Wallace, "Cases are powerful. The goal is to get students to think actively on their feet and to interact with their peers. The cases focus on recent real estate deals and students directly apply classroom concepts to develop their own solution strategies."
Current Research Interests
Housing price indices and models to monitor residential real estate price movements over the business cycle
Mortgage prepayment and pricing models, mortgage contract design, and the market microstructure of mortgage backed security trading
Option pricing models for pricing commercial and retail real estate leases for use in the commercial mortgage backed securities markets
Publication Highlights
"Innovations in Mortgage Modeling: An Introduction," Winter 2005 Real Estate Economics.
"An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter?" with Christopher Downing and Richard Stanton. Real Estate Economics (Winter 2005).
"Is the Market for Mortgage-Backed Securities a Market for Lemons?" with Chris Downing and Dwight Jaffee. Review of Financial Studies.
