Workshop on Consumer Credit and Payments

8:00 a.m. — 8:45 a.m.

Breakfast and Registration

8:45 a.m. — 9:00 a.m.

Opening Remarks

9:00 a.m. — 10:00 a.m.

Panel 1
Design of Financial Securities: Empirical Evidence from Private-Label RMBS Deals

• Taylor Begley, University of Michigan (with Amiyatosh Purnanandam)
• Discussant: Greg Nini, University of Pennsylvania

10:00 a.m. — 11:00 a.m.

Panel 2
Securitization and Lending Competition

• David Frankel, Iowa State University (with Yu Jin)
• Discussant: Bilge Yilmaz, University of Pennsylvania
  

11:00 a.m. — 11:15 a.m.

Break

11:15 a.m. — 12:15 p.m.

Panel 3
The Impact of Asymmetric Information About Collateral Values in Mortgage Lending

• Johannes Stroebel, University of Chicago
• Discussant: Hanming Fang, University of Pennsylvania

12:15 p.m. — 1:15 p.m.

Lunch

1:15 p.m. — 2:15 p.m.

Panel 4
Payment Shocks, Negative Equity, and Mortgage Default

• Andreas Fuster, Federal Reserve Bank of New York (with Paul Willen)
• Discussant: Andreas Lehnert, Federal Reserve Board of Governors

2:15 p.m. — 3:15 p.m.

Panel 5
Does Junior Inherit? Refinancing and the Blocking Power of Second Mortgages

• Ronel Elul, Federal Reserve Bank of Philadelphia (with Philip Bond, Sharon Garyn-Tal, and David K. Musto)
• Discussant: Joseph Tracy, Federal Reserve Bank of New York
  

3:15 p.m. — 3:30 p.m.

Break

3:30 p.m. — 4:30 p.m.

Panel 6
Bankruptcy Spillovers: Distance, Public Disclosure, and Opaque Information

• Barry Scholnick, University of Alberta
• Discussant: Wenli Li, Federal Reserve Bank of Philadelphia
  

4:30 p.m. — 4:45 p.m.

Closing Remarks