People

Through the Faculty Fellows Program, the Institute fosters an environment that encourages cross-disciplinary connections and nurtures a collaborative spirit among faculty across the 12 schools. This program identifies faculty with a demonstrated interest in urban research and provides research and communication services.

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Fellow

Michael LaCour-Little

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Director of Economics, Economic and Strategic Research, Fannie Mae

Areas of Interest

    About

    Michael LaCour-Little joined Fannie Mae in 2016 as Director – Economics. He recently retired from the position of Chair of the Department of Finance at California State University-Fullerton, where he continues in its faculty early retirement program.  Prior to a ten-year stint in academia, he worked for decades in banking at Wells Fargo and Citibank, including their mortgage companies.  He continues to serve on the editorial boards of a number of academic journals and is the author of dozens of peer-reviewed papers on topics in housing economics and real estate finance. A native of California, he earned his Ph.D. at the University of Wisconsin-Madison, and undergraduate and MBA degrees at the University of California.  

     

    Selected Publications

    LaCour-Little, Michael, Wei Yu, and Libo Sun. “The Role of Home Equity Lending in the Recent Mortgage Crisis”. Real Estate Economics 42(1): 153-189, 2014.

    LaCour-Little, Michael and Jing Yang. “Taking the Lie Out of Liar Loans: The Effect of Reduced Documentation on the Pricing and Performance of Alt-A and Subprime Mortgages”. Journal of Real Estate Research 35(4): 507-553, 2013.

    LaCour-Little, Michael. “The Pricing of Mortgages by Brokers: An Agency Problem?” Journal of Real Estate Research 31(2): 235-264, 2009.

    Coleman, Major, Michael LaCour-Little, and Kerry Vandell. “Subprime Lending and the Housing Bubble: Tail Wags Dog?” Journal of Housing Economics 17(4): 272-290, 2008.

    Calem, Paul and Michael LaCour-Little. “Risk-based Capital Requirements for Mortgage Loans” Journal of Banking and Finance 28: 647-672, 2004.

     

    x

    Director of Economics, Economic and Strategic Research, Fannie Mae

    Areas of Interest

      About

      Michael LaCour-Little joined Fannie Mae in 2016 as Director – Economics. He recently retired from the position of Chair of the Department of Finance at California State University-Fullerton, where he continues in its faculty early retirement program.  Prior to a ten-year stint in academia, he worked for decades in banking at Wells Fargo and Citibank, including their mortgage companies.  He continues to serve on the editorial boards of a number of academic journals and is the author of dozens of peer-reviewed papers on topics in housing economics and real estate finance. A native of California, he earned his Ph.D. at the University of Wisconsin-Madison, and undergraduate and MBA degrees at the University of California.  

       

      Selected Publications

      LaCour-Little, Michael, Wei Yu, and Libo Sun. “The Role of Home Equity Lending in the Recent Mortgage Crisis”. Real Estate Economics 42(1): 153-189, 2014.

      LaCour-Little, Michael and Jing Yang. “Taking the Lie Out of Liar Loans: The Effect of Reduced Documentation on the Pricing and Performance of Alt-A and Subprime Mortgages”. Journal of Real Estate Research 35(4): 507-553, 2013.

      LaCour-Little, Michael. “The Pricing of Mortgages by Brokers: An Agency Problem?” Journal of Real Estate Research 31(2): 235-264, 2009.

      Coleman, Major, Michael LaCour-Little, and Kerry Vandell. “Subprime Lending and the Housing Bubble: Tail Wags Dog?” Journal of Housing Economics 17(4): 272-290, 2008.

      Calem, Paul and Michael LaCour-Little. “Risk-based Capital Requirements for Mortgage Loans” Journal of Banking and Finance 28: 647-672, 2004.

       

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