Publications

LaCour-Little, Michael and Jing Yang.  “Pay Me Now or Pay Me Later:  Alternative Mortgage Products and the Mortgage Crisis” Real Estate Economics 38(4): 687-732.  

LaCour-Little, Michael and Steven Malpezzi. “Gated Streets and House Prices”. Journal of Housing Research 18(1):19-44, 2009. 

Fortowsky, Elaine, Michael LaCour-Little, Eric Rosenblatt, and Vincent Yao. “Housing Tenure and Mortgage Choice”.   The Journal of Real Estate Finance and Economics 42(2), in press.

LaCour-Little, Michael, Eric Rosenblatt, and Vincent Yao.  “Home Equity Extraction by Homeowners: 2000-2006”.  Journal of Real Estate Research 32(1): 23-46, 2010.

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.

LaCour-Little, Michael and Cynthia Holmes., "Prepayment Penalties in Residential Mortgage Contracts: A Cost-Benefit Analysis" Housing Policy Debate 19(4): 631-673, 2008.

LaCour-Little, Michael., "Mortgage Termination Risk: A Review of the Recent Literature." Journal of Real Estate Literature 16(3): 297-326, 2008.

LaCour-Little, Michael., "Economic Factors Affecting Home Mortgage Disclosure Act Reporting." Journal of Real Estate Research 29(4): 479-510, 2007.

LaCour-Little, Michael. , "The Home Purchase Mortgage Preferences of Low-and-Moderate Income Households." Real Estate Economics 35(4):265-290, 2007.

Holmes, Cynthia and Michael LaCour-Little. , "A Comparison of Commercial Mortgage Markets in the U.S. and Canada." International Real Estate Review 10(1): 151 – 170, 2007.

Ambrose, Brent and Michael LaCour-Little., "A Note on Hybrid Mortgages." Real Estate Economics 33(4): 765-782, 2005.

Ambrose, Brent, Michael LaCour-Little, and Anthony Sanders., "Does Regulatory Capital Arbitrage, Reputation, or Asymmetric Information Drive Securitization." Journal of Financial Services Research 28(1/2/3): 113-133, 2005.

Ambrose, Brent, Michael LaCour-Little, and Anthony Sanders., "Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis." Real Estate Economics 32(4): 541-570, 2004.

LaCour-Little, Michael. , "Equity Dilution: An Alternative Perspective on Mortgage Default." Real Estate Economics 32(3): 359-384, 2004.

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

LaCour-Little, Michael and Stephen Malpezzi., "Appraisal Quality and Residential Mortgage Default: Evidence from Alaska" Journal of Real Estate Finance and Economics 27(2): 211-233, 2003.

Fu, Qiang, Michael LaCour-Little, and Kerry Vandell. , "Commercial Mortgage Prepayments under Heterogeneous Prepayment Penalty Structures." Journal of Real Estate Research 25(3) 239-275, 2003.

Maxam, Clark, Michael LaCour-Little, and Michael Marschoun. , "Improving Parametric Mortgage Prepayment Models Using Non-parametric Kernel Regression." Journal of Real Estate Research 24(3): 299-327, 2002.

Maxam, Clark and Michael LaCour-Little., "Applied Non-Parametric Regression Techniques: Estimating Prepayments on Fixed Rate Mortgage-Backed Securities." Journal of Real Estate Finance and Economics 23 (2): 139-160, 2001.

Clapp, John, Gerson Goldberg, John Harding, and Michael LaCour-Little., "Movers and Shuckers: Interdependent Mortgage Prepayment Decisions" Real Estate Economics 29(3): 411-450, 2001.

LaCour-Little, Michael. , "A Note on Identification of Discrimination in Mortgage Lending." Real Estate Economics 29(2): 329-335, 2001.

Ambrose, Brent, Michael LaCour-Little, and Zsuzsa Huszar. , "Prepayment Performance of Adjustable Rate Mortgages Subject to Initial Year Discounts: Some New Evidence." Real Estate Economics 29(2): 305-328, 2001.

LaCour-Little, Michael. , "he Evolving Role of Technology in Mortgage Finance." invited paper for special issue of the Journal of Housing Research 12 (2): 173-206, 2000.

Green, Richard K. and Michael LaCour-Little., "Some Truths About Ostriches: Who Never Refinances Their Mortgage and Why They Don’t." Journal of Housing Economics 8: 233-248, 1999.

LaCour-Little, Michael., "Another Look at the Role of Borrower Characteristics in Predicting Mortgage Prepayments." Journal of Housing Research 10 (1): 45-61, 1999.

Chun, Gregory and Michael LaCour-Little., "Third Party Originators and Mortgage Prepayment Risk: An Agency Problem?" Journal of Real Estate Research 17 (1/2): 55-71, 1999.

LaCour-Little, Michael, "Discrimination in Mortgage Lending: A Critical Review of the Literature." Journal of Real Estate Literature 7(1): 15-52. 1999.

Green, Richard K. and Michael LaCour-Little., "Are Minorities or Minority Neighborhoods More Likely to Get Low Appraisals?." Journal of Real Estate Finance and Economics 16 (3): 301-315, 1998.

LaCour-Little, Michael. , "Application of Reverse Regression to Boston Federal Reserve Data Refutes Claims of Discrimination." Journal of Real Estate Research 11 (1): 1-12, 1996.