Details about Brent W. Ambrose

Workplace:

Smeal College of Business Administration, Pennsylvania State University, (more information at EDIRC)

Access statistics for papers by Brent W. Ambrose.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pam25

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Working Papers

2021

1. Eviction Risk of Rental Housing: Does It Matter How Your Landlord Finances the Property?
   Working Papers, Federal Reserve Bank of Philadelphia

2019

2. Do Minimum Wage Increases Benefit Intended Households? Evidence from the Performance of Residential Leases
   Working Papers, Federal Reserve Bank of Philadelphia View citations (3)

2017

3. Inflation Rates Are Very Different When Housing Rents Are Accurately Measured
   HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University View citations (2)

2015

4. The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties
   ERES, European Real Estate Society (ERES) View citations (1)
   See also Journal Article The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties, The Journal of Real Estate Finance and Economics, Springer (2018) View citations (4) (2018)
5. The impact of student loan debt on small business formation
   Working Papers, Federal Reserve Bank of Philadelphia View citations (10)

2009

6. Secured Debt and Corporate Performance: Evidence from REITs
   ERES, European Real Estate Society (ERES)

2008

7. Does it pay to read your junk mail? evidence of the effect of advertising on home equity credit choices
   Working Paper Series, Federal Reserve Bank of Chicago View citations (2)

2000

8. Pricing Upward-Only Adjusting Leases
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Journal Article Pricing Upward-Only Adjusting Leases, The Journal of Real Estate Finance and Economics, Springer (2002) View citations (13) (2002)

1998

9. Embedded Options in the Mortgage Contract
   Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (3)
   See also Journal Article Embedded Options in the Mortgage Contract, The Journal of Real Estate Finance and Economics, Springer (2000) View citations (29) (2000)
10. REIT Economies of Scale: Fact or Fiction?
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (1)
    See also Journal Article REIT Economies of Scale: Fact or Fiction?, The Journal of Real Estate Finance and Economics, Springer (2000) View citations (26) (2000)
11. Valuing Upward-Only Adjusting Leases
    ERES, European Real Estate Society (ERES)

1996

12. Risks and Incentives in Underserved Mortgage Markets
    Yale School of Management Working Papers, Yale School of Management
    See also Journal Article Risks and Incentives in Underserved Mortgage Markets, Journal of Housing Economics, Elsevier (1998) View citations (3) (1998)

Undated

13. Economies Of Scale
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
14. Mixed Income Housing Initiatives in Public Housing
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
15. Mixing Income Groups In Public Housing
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
16. Old REITs and New REITs
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
17. The Hazard Rates of First and Second Default
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (3)
    See also Journal Article The Hazard Rates of First and Second Defaults, The Journal of Real Estate Finance and Economics, Springer (2000) View citations (36) (2000)

Journal Articles

2024

1. Did the Paycheck Protection Program Help Small Businesses? Evidence from Commercial Mortgage-Backed Securities
   American Economic Journal: Economic Policy, 2024, 16, (3), 95-132
2. Information in Financial Contracts: Evidence from Securitization Agreements
   Journal of Financial and Quantitative Analysis, 2024, 59, (4), 1692-1725
3. Risk Retention Rules and the Issuance of Commercial Mortgage Backed Securities
   The Journal of Real Estate Finance and Economics, 2024, 68, (4), 684-714 View citations (1)

2023

4. Housing Rents and Inflation Rates
   Journal of Money, Credit and Banking, 2023, 55, (4), 975-992 View citations (2)
5. Past Experiences and Investment Decisions: Evidence from Real Estate Markets
   The Journal of Real Estate Finance and Economics, 2023, 66, (2), 300-326 View citations (1)

2022

6. Economic Fundamentals, Capital Expenditures and Asset Dispositions
   The Journal of Real Estate Finance and Economics, 2022, 64, (3), 361-378
7. Homeownership and taxes: How the TCJA altered the tax code's treatment of housing
   Real Estate Economics, 2022, 50, (5), 1167-1200
8. Minimum wage increases and eviction risk
   Journal of Urban Economics, 2022, 129, (C) View citations (2)

2021

9. Does Borrower and Broker Race Affect the Cost of Mortgage Credit?
   (Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures and securitization)
   The Review of Financial Studies, 2021, 34, (2), 790-826 View citations (17)
10. Information Asymmetry, Regulations and Equilibrium Outcomes: Theory and Evidence from the Housing Rental Market
    Real Estate Economics, 2021, 49, (S1), 74-110 View citations (2)

2020

11. Can regulation de-bias appraisers?
    Journal of Financial Intermediation, 2020, 44, (C) View citations (3)
12. Lender Steering in Residential Mortgage Markets
    Real Estate Economics, 2020, 48, (2), 446-475 View citations (5)

2019

13. Capital Structure and the Substitutability versus Complementarity Nature of Leases and Debt
    Review of Finance, 2019, 23, (3), 659-695 View citations (1)
14. Risk and Performance of Mutual Funds’ Securitized Mortgage Investments
    The Journal of Real Estate Finance and Economics, 2019, 59, (4), 515-548
15. Size effects and economies of scale in European real estate companies
    Global Finance Journal, 2019, 42, (C) View citations (4)

2018

16. Pricing government credit: a new method for determining government credit risk exposure
    Economic Policy Review, 2018, (24-3), 41-62 View citations (1)
17. Reassessing Taylor rules using improved housing rent data
    Journal of Macroeconomics, 2018, 56, (C), 243-257 View citations (8)
18. The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties
    The Journal of Real Estate Finance and Economics, 2018, 56, (1), 1-32 View citations (4)
    See also Working Paper The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties, ERES (2015) View citations (1) (2015)

2017

19. Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty
    Real Estate Economics, 2017, 45, (3), 521-590 View citations (4)

2016

20. Credit Rationing, Income Exaggeration, and Adverse Selection in the Mortgage Market
    Journal of Finance, 2016, 71, (6), 2637-2686 View citations (22)
21. Joint liability lending and credit risk: Evidence from the home equity market
    Journal of Housing Economics, 2016, 32, (C), 47-66 View citations (1)
22. Real Estate Risk and Hedge Fund Returns
    The Journal of Real Estate Finance and Economics, 2016, 52, (3), 197-225 View citations (1)
23. Servicers and Mortgage-Backed Securities Default: Theory and Evidence
    Real Estate Economics, 2016, 44, (2), 462-489 View citations (11)

2015

24. Introduction to the Special Issue
    Real Estate Economics, 2015, 43, (1), 1-7 View citations (1)
25. The Repeat Rent Index
    The Review of Economics and Statistics, 2015, 97, (5), 939-950 View citations (36)
26. The Subprime Virus
    Real Estate Economics, 2015, 43, (4), 891-915 View citations (3)

2014

27. Mortgage Brokers, Origination Fees, Price Transparency and Competition
    Real Estate Economics, 2014, 42, (2), 363-421 View citations (9)
28. Spillover effects of subprime mortgage originations: The effects of single-family mortgage credit expansion on the multifamily rental market
    Journal of Urban Economics, 2014, 81, (C), 114-135 View citations (12)

2013

29. House Prices and Fundamentals: 355 Years of Evidence
    Journal of Money, Credit and Banking, 2013, 45, (2‐3), 477-491 View citations (20)
    Also in Journal of Money, Credit and Banking, 2013, 45, (2-3), 477-491 (2013) View citations (78)

2012

30. The Adjustable Balance Mortgage: Reducing the Value of the Put
    Real Estate Economics, 2012, 40, (3), 536-565 View citations (8)
31. Thy Neighbor’s Mortgage: Does Living in a Subprime Neighborhood Affect One’s Probability of Default?
    Real Estate Economics, 2012, 40, (1), 1-22 View citations (25)

2011

32. The Role of Soft Information in a Dynamic Contract Setting: Evidence from the Home Equity Credit Market
    Journal of Money, Credit and Banking, 2011, 43, (4), 633-655 View citations (9)
    Also in Journal of Money, Credit and Banking, 2011, 43, (4), 633-655 (2011) View citations (25)
33. The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence
    Journal of Financial and Quantitative Analysis, 2011, 46, (2), 553-584 View citations (10)

2010

34. Stock Market Information and REIT Earnings Management
    Journal of Real Estate Research, 2010, 32, (1), 101-138
    Also in Journal of Real Estate Research, 2010, 32, (1), 101-138 (2010) View citations (9)

2009

35. REIT Capital Budgeting and Equity Marginal q
    Real Estate Economics, 2009, 37, (3), 483-514 View citations (1)

2008

36. Credit Availability and the Structure of the Homebuilding Industry
    Real Estate Economics, 2008, 36, (4), 659-692 View citations (9)
37. Credit Risk and the Term Structure of Lease Rates: A Reduced Form Approach
    The Journal of Real Estate Finance and Economics, 2008, 37, (3), 281-298 View citations (6)
38. Determinants of automobile loan default and prepayment
    Economic Perspectives, 2008, 32, (Q III), 17-28 View citations (8)

2006

39. An empirical analysis of home equity loan and line performance
    Journal of Financial Intermediation, 2006, 15, (4), 444-469 View citations (23)
40. Credit Lines and Credit Utilization
    Journal of Money, Credit and Banking, 2006, 38, (1), 1-22 View citations (47)

2005

41. Does Regulatory Capital Arbitrage, Reputation, or Asymmetric Information Drive Securitization?
    Journal of Financial Services Research, 2005, 28, (1), 113-133 View citations (114)
42. Forced Development and Urban Land Prices
    The Journal of Real Estate Finance and Economics, 2005, 30, (3), 245-265 View citations (3)
43. GSE impact on rural mortgage markets
    Regional Science and Urban Economics, 2005, 35, (4), 417-443 View citations (6)

2004

44. Have the GSE affordable housing goals increased the supply of mortgage credit?
    Regional Science and Urban Economics, 2004, 34, (3), 263-273 View citations (46)
45. Legal Restrictions in Personal Loan Markets
    The Journal of Real Estate Finance and Economics, 2004, 30, (2), 133-151 View citations (6)
46. The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis
    Real Estate Economics, 2004, 32, (4), 541-569 View citations (65)

2003

47. Bank and Nonbank Lenders and the Commercial Mortgage Market
    The Journal of Real Estate Finance and Economics, 2003, 26, (1), 81-94 View citations (8)
48. Commercial Mortgage-Backed Securities: Prepayment and Default
    The Journal of Real Estate Finance and Economics, 2003, 26, (2-3), 179-96 View citations (51)

2002

49. Credit Rationing in the U.S. Mortgage Market: Evidence from Variation in FHA Market Shares
    Journal of Urban Economics, 2002, 51, (2), 272-294 View citations (17)
50. GSE Debt and the Decline in the Treasury Market
    Journal of Money, Credit and Banking, 2002, 34, (3), 812-39 View citations (6)
51. GSE debt and the decline in the Treasury debt market
    Proceedings, 2002, 812-847 View citations (6)
52. Measuring Potential GSE Funding Advantages
    The Journal of Real Estate Finance and Economics, 2002, 25, (2-3), 129-50 View citations (31)
53. Pricing Upward-Only Adjusting Leases
    The Journal of Real Estate Finance and Economics, 2002, 25, (1), 33-49 View citations (13)
    See also Working Paper Pricing Upward-Only Adjusting Leases, NBER Working Papers (2000) View citations (3) (2000)

2001

54. A New Spin on the Jumbo/Conforming Loan Rate Differential
    The Journal of Real Estate Finance and Economics, 2001, 23, (3), 309-35 View citations (17)
55. Optimal Put Exercise: An Empirical Examination of Conditions for Mortgage Foreclosure
    The Journal of Real Estate Finance and Economics, 2001, 23, (2), 213-34 View citations (30)
56. Prepayment Risk in Adjustable Rate Mortgages Subject to Initial Year Discounts: Some New Evidence
    Real Estate Economics, 2001, 29, (2), 305-327 View citations (30)
57. REIT Organizational Structure and Operating Characteristics
    Journal of Real Estate Research, 2001, 21, (3), 141-162
    Also in Journal of Real Estate Research, 2001, 21, (3), 141-162 (2001) View citations (49)

2000

58. Embedded Options in the Mortgage Contract
    The Journal of Real Estate Finance and Economics, 2000, 21, (2), 95-111 View citations (29)
    See also Working Paper Embedded Options in the Mortgage Contract, Zell/Lurie Center Working Papers (1998) View citations (3) (1998)
59. Local economic risk factors and the primary and secondary mortgage markets
    Regional Science and Urban Economics, 2000, 30, (6), 683-701 View citations (16)
60. REIT Economies of Scale: Fact or Fiction?
    The Journal of Real Estate Finance and Economics, 2000, 20, (2), 211-24 View citations (26)
    See also Working Paper REIT Economies of Scale: Fact or Fiction?, Zell/Lurie Center Working Papers (1998) View citations (1) (1998)
61. The Hazard Rates of First and Second Defaults
    The Journal of Real Estate Finance and Economics, 2000, 20, (3), 275-93 View citations (36)
    See also Working Paper The Hazard Rates of First and Second Default, Zell/Lurie Center Working Papers View citations (3)

1998

62. Modeling the Conditional Probability of Foreclosure in the Context of Single‐Family Mortgage Default Resolutions
    Real Estate Economics, 1998, 26, (3), 391-429 View citations (65)
63. Risks and Incentives in Underserved Mortgage Markets
    Journal of Housing Economics, 1998, 7, (3), 274-285 View citations (3)
    See also Working Paper Risks and Incentives in Underserved Mortgage Markets, Yale School of Management Working Papers (1996) (1996)

1997

64. Pricing Mortgage Default and Foreclosure Delay
    Journal of Money, Credit and Banking, 1997, 29, (3), 314-25 View citations (80)

1996

65. Cost-Benefit Analysis of Single-Family Foreclosure Alternatives
    The Journal of Real Estate Finance and Economics, 1996, 13, (2), 105-20 View citations (38)
66. Credit Restrictions and the Market for Commercial Real Estate Loans
    Real Estate Economics, 1996, 24, (1), 1-22 View citations (3)
67. Yield Bogeys
    Financial Analysts Journal, 1996, 52, (5), 63-68

1995

68. Pricing Effects in Fannie Mae Agency Bonds
    The Journal of Real Estate Finance and Economics, 1995, 11, (3), 235-49

1993

69. Factors Influencing Capitalization Rates
    Journal of Real Estate Research, 1993, 8, (2), 221-238 View citations (22)
70. Rural Industrial Location: The Impact of Firm Size
    Journal of Real Estate Research, 1993, 8, (3), 387-400
71. Spatial Variation of Nonmetropolitan Industrial Location
    The Journal of Real Estate Finance and Economics, 1993, 7, (1), 17-27 View citations (4)

1992

72. Does an Industry Effect Exist for Leveraged Buyouts?
    Financial Management, 1992, 21, (1) View citations (7)
73. The Fractal Structure of Real Estate Investment Trust Returns: The Search for Evidence of Market Segmentation and Nonlinear Dependency
    Real Estate Economics, 1992, 20, (1), 25-54 View citations (57)
74. The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood
    Journal of Financial and Quantitative Analysis, 1992, 27, (4), 575-589 View citations (142)

1990

75. An Analysis of the Factors Affecting Light Industrial Property Valuation
    Journal of Real Estate Research, 1990, 5, (3), 355-370 View citations (19)
76. Corporate Real Estate's Impact on the Takeover Market
    The Journal of Real Estate Finance and Economics, 1990, 3, (4), 307-22 View citations (12)

Edited books

2007

1. Household Credit Usage
   Palgrave Macmillan Books, Palgrave Macmillan View citations (21)

Chapters

2018

1. The effect of advertising on home equity credit choices
   Chapter 5 in Research Handbook on Behavioral Law and Economics, 2018, pp 122-152 View citations (1)

2007

2. Asymmetric Information and the Automobile Loan Market
   Palgrave Macmillan View citations (1)
3. Household Finance and the Financial Decision-Making Process
   Palgrave Macmillan