Journal of the American Real Estate and Urban Economics Association 1994: Vol 22 Table of Contents

3 Pages·1994·0.48 MB·English

TABLE OF CONTENTS go VOLUME 22 og 1994
NUMBER ONE &( Special Issue on Real Estate in the 1989-92 Financial Crisis)
Editor’s Introduction Dennis R. Capozza_ 1
The 1989-92 Credit Crunch for Real Estate: A Retrospective
Bs i Se tea a ache vanities evasive: . James T. Fergus and John L. Goodman, Jr.
Bank Real Estate Lending and the New England Capital Crunch
Mee seapstiavetaedba nee vie Mistes sb <sslib abadSee dob aaicencadacanvacudeantonns . Joe Peek and Eric S. Rosengren
Bank Capital and the Credit Crunch: The Roles of Risk-Weighted and Unweighted
Capital Regulations Diana Hancock and James A. Wilcox 59
Thrift Asset-Class Returns and the Efficient Diversification of Thrift Institution
Portfolios Rebel A. Cole and Joseph A. McKenzie 95
A Model of the Asset Disposition Decision of the RTC
Michael Lea and Kenneth J. Thygerson 117
Failed Bank Resolution and the Collateral Crunch: The Advantages of Adopting
Transferable Puts Eric S. Rosengren and Katerina Simons 135
Contract Design for Problem Asset Disposition
Larry Benveniste, Dennis R. Capozza, Roger Kormendi and William Wilhelm 149
A Comparison of Nonparametric Methods to Measure Efficiency in the Savings
and Loan Industry
Richard F. Garbaccio, Benjamin E. Hermalin and Nancy E. Wallace 169
NUMBER TWO & (Special Issue: Housing Finance for the Elderly)
Editors’ Introduction Dennis R. Capozza and Isaac F. Megbolugbe 197
An Empirical Analysis of the Housing Decisions of Older Homeowners
Peter VanderHart 205
Reverse Mortgages and the Liquidity of Housing Wealth
Christopher J. Mayer and Katerina Simons 235
Potential Beneficiaries from Reverse Mortgage Products for Elderly Homeowners:
An Analysis of AHS Data
Sally R. Merrill, Meryl Finkel and Nandinee K. Kutty
Preliminary Evaluation of the HECM Reverse Mortgage Program
Bradford Case and Ann B. Sclinane
Risk and the Home Equity Conversion Mortgage
Reverse Mortgages: Contracting and Crossover Risk
Peter Chinloy and Isaac F. Megbolugbe
Reverse Mortgages and Interest Rate Risk
Thomas P. Boehm and Michael C. Ehrhardt
Reverse Mortgages and Borrower Maintenance Risk
Thomas J. Miceli and C. F. Sirmans
NUMBER THREE @®
Editor’s Note: Journal Survey Results Dennis R. Capozza_ iv
Alternative Mortgage Instruments, Qualifications Constraints and the Demand for
Housing: An Empirical Analysis
Richard A. Phillips and James H. Vanderhoff 453
Temporary Buydowns and Affordability
Jack M. Guttentag and Allan Redstone
Economies of Scope and Density in the Market for Reali Estate Brokerage Service
Leonard V. Zumpano and Harold W. Elder 497
Stock Price and Management Changes: The Case of REITs
Willard McIntosh, Ronald Rogers, C.F. Sirmans and Youguo Liang
Zoning Policy Changes and the Urban Fringe Land Market
James A. Thorson
NUMBER FOUR a
Excess Returns, Inflation and the Efficiency of the Housing Market
Dean H. Gatzlaff
Contigent Price Contracts and the Efficiency of Housing Markets
Stephen Day Cauley
Urban Land Development and Its Prices: The Effects of Conversion Costs with
Redevelopment Tae H. Park and Suk Heun Yoon 603
Industrial Real Estate Mortgage Default Experience of the New York State Job
Development Authority Second Loan Program: A Preliminary Investigation
Robert A. Simons
Optimal Comparable Weighting and Selection: A Comment
Richard K. Green 647
A Further Discussion of Optimal Comparable Selection and Weighting, and A
Response to Green George W. Gau, Tsong-Yue Lai and Ko Wang 655