America’s Housing Crisis: Speakers
With just two weeks left until our forum in New York City on “America’s Housing Crisis,” we’ve lined up an impressive array of speakers. You can see more about them below. We’ll update this post as we add more speakers to the lineup. If you’d like to attend the event on April 4-5 in New York, please RSVP here.
Housing in a Global Context
Joseph E. Stiglitz
Dr. Stiglitz is a University Professor at Columbia University, the winner of the 2001 Nobel Memorial Prize in Economics, and a lead author of the 1995 IPCC report, which shared the 2007 Nobel Peace Prize. He was chairman of the U.S. Council of Economic Advisors under President Clinton and chief economist and senior vice president of the World Bank for 1997-2000. Stiglitz received the John Bates Clark Medal, awarded biennially to the American economist under 40 who has made the most significant contribution to the subject. He was a Fulbright Scholar at Cambridge University, held the Drummond Professorship at All Souls College Oxford, and has also taught at M.I.T, Yale, Stanford, and Princeton.
At Columbia, Stiglitz co-chairs the Committee on Global Thought and is founder and co-president of the Initiative for Policy Dialogue. He is also president of the International Economic Association, co-chair of the Commission on the Measurement Of Economic Performance and Social Progress and chair of the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System. He is the author most recently of Freefall: America, Free Markets, and the Sinking of the Global Economy.
Ronnie C. Chan
Chan is the Chairman of Hang Lung Group Limited and its subsidiary Hang Lung Properties Limited. Mr. Chan also co-founded the privately held Morningside group which, in the past two decades, has owned and managed businesses in manufacturing, public transport operations, outdoor advertising, media, healthcare, online game operators, high-tech and biotech investments, developmental capital investments and other venture capital investments around the world.
Mr. Chan serves or has served on the governing or advisory bodies of several think tanks and universities, including Tsinghua University, University of Southern California, East-West Center, Pacific Council on International Policy, Eisenhower Fellowships, and The Maureen and Mike Mansfield Foundation.
Private-Sector Responses and Public Policy Innovation
Eberly serves as the U.S. Department of the Treasury’s Assistant
Secretary for Economic Policy. In this role, Dr. Eberly leads the Office of
Economic Policy, which is responsible for analyzing and reporting on current and prospective economic developments in the U.S. and world economies and assisting in the determination of appropriate economic policies. Dr. Eberly most recently served as the John L. and Helen Kellogg Distinguished Professor of Finance at the Kellogg School of Management at Northwestern University, where she has been a member of the faculty since 1997. Dr. Eberly holds a B.S. from the University of California, Davis, and her Ph.D. in Economics from M.I.T.
Jason R. Gold, one of the organizers of the forum, is the Director for PPI’s “Re-thinking US Housing Policy” and Senior Fellow for financial services. His areas of expertise include housing, banking, and capital markets. He has been involved in banking and Federal policy for over eighteen years. Jason started his career in the private sector working for leading institutions such as Saxon Capital and First Tennessee. Jason advised the Congressional Oversight Panel in producing the November 2010 oversight report on the Troubled Asset Relief Program (TARP).
His studies include economics at The University of Texas at Austin and a Masters in real estate finance from Georgetown University. Jason currently lives in Washington, DC with his wife, Shari Yost-Gold and two children, Isley and Benjamin.
Laurie is a Senior Managing Director at Amherst Securities Group, L.P., where she is responsible for strategy and business development. Laurie joined the firm in December, 2008, assembled the Strategy Team and began publication of the Amherst Mortgage Insight. From July 1993-Nov 2008, Laurie was head of Global Fixed Income Research and Manager of U.S. Securitized Products Research at UBS and predecessor firms. The UBS Securitized Products Research group was widely recognized for its insightful analysis and weekly Mortgage Strategist publication. Prior to that, Laurie spent 10 years in senior fixed income research positions at Citicorp, Goldman Sachs, and Merrill Lynch. She was also a mortgage portfolio manager on the buy side and a Senior Economist at the Federal Reserve Bank of New York.
Laurie holds a B.A. in Mathematics from the University of Pennsylvania, and M.A. and Ph.D. degrees in Economics from Stanford University. She has published more than 180 articles in professional and academic journals, and co-authored and co-edited five books. Laurie was inducted into the Fixed Income Analysts Hall of Fame in 2009.
Joseph Gyourko is the Martin Bucksbaum Professor of Real Estate, Finance and Business & Public Policy at The Wharton School of the University of Pennsylvania. He also serves as Director of the Zell/Lurie Real Estate Center at Wharton and is Chair of the Real Estate Department. Professor Gyourko received his B.A. from Duke University and a Ph.D. in economics from the University of Chicago. His research interests include real estate finance and investments, urban economics, and housing markets. Professor Gyourko is a Research Associate of the National Bureau of Economic Research (NBER) and is Co-Director of the NBER Project on Housing Markets and the Financial Crisis.
A former editor of Real Estate Economics, Professor Gyourko presently serves on various journal editorial boards. Professor Gyourko is a past Trustee of the Urban Land Institute (ULI) and currently serves on the Board of Directors of the Pension Real Estate Association (PREA). Finally, he consults for and advises various real estate companies and investors.
Jim Himes represents Connecticut’s 4th District in the United States House of Representatives. He is currently serving his second term in Congress and is a member of the House Committee on Financial Services. Jim’s experience at Enterprise spurred his involvement in politics. Putting his expertise in affordable housing to work, Jim served as a Commissioner of the Greenwich Housing Authority, ultimately chairing the board and leading it through a much-needed program of reforms. Jim went on to become an elected member of his town’s finance board, setting tax and budget policy for Greenwich. Jim has also served as Chair of his local Democratic Town Committee, organizing others in the community to become more active in the political process.
Jim began his professional career at Goldman Sachs & Co. where he worked his way up to Vice President over the course of a 12-year career. There he worked extensively in Latin America and headed the bank’s telecommunications technology group.
Dr. Stan Humphries, one of the organizers of the forum, is the Chief Economist of Zillow Inc., the leading real estate information marketplace. Stan joined the company as one of its earliest employees in 2005 and created the Zestimate and its first algorithm. Since that time, Stan has built out the industry-leading economics and analytic team at Zillow. Prior to joining Zillow, Stan spent five years at Expedia where he ran the advanced analytics team. Before Expedia, Stan served as a researcher and faculty member at the University of Virginia, and was previously a Presidential Management Fellow where he served at NASA, the Office of Science and Technology Policy in the Executive Office of the President, and the Technology Administration within the Department of Commerce. Stan has also served in the United States Peace Corps, where he taught high school physics and chemistry in the West African country of Benin.
Stan has a Bachelor of Arts from Davidson College, a Master’s of Science in Foreign Service from Georgetown University, and a Ph.D. in Government from the University of Virginia.
S. Mitra Kalita
Kalita is an award-winning journalist and author. She is a senior writer covering housing at The Wall Street Journal, but most recently helped launch the Greater New York section as a senior editor. Her second book, “My Two Indias: A Journey to the Ends of Opportunity” has just been released by Harper Collins India. Her highly acclaimed “Suburban Sahibs: Three Immigrant Families and Their Passage From India to America” (Rutgers University Press, Penguin India) dissected how immigrants have transformed suburbia. She has worked as a reporter at the Washington Post, Newsday and the Associated Press and spent two years as an editor and columnist at Mint, a business newspaper in New Delhi she helped found. She previously served as The Wall Street Journal’s deputy global economics editor, and both edited and reported for an award-winning series on the great recession. She is a past president of the South Asian Journalist Association, and is married to artist Nitin Mukul. They have two daughters and live in Jackson Heights, Queens.
Professor Mayer, one of the organizers of the housing forum, is the Paul Milstein Professor of Real Estate and Finance and Economics at Columbia Business School. His research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Professor Mayer serves as a Visiting Scholar at the Federal Reserve Bank of New York, a Research Associate at the National Bureau of Economic Research, and a member of the Academic Advisory Board for Standard and Poor’s and the World Economic Forum Real Estate Council. Dr. Mayer has been active in advising policymakers on the financial crisis, testifying five times before the US Senate and House of Representatives, writing on the causes of the housing and credit bubbles for the Financial Crisis Inquiry Commission, and authoring numerous op-ed articles on housing and credit markets.
Dr. Mayer previously served as Senior Vice Dean at Columbia Business School and held positions at The Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He holds a BA in Math and Economics from the University of Rochester with highest honors and a PhD in Economics from MIT.
Mr. Macdowell is the Chief Investment Officer at Carrington Capital Management and oversees the team responsible for investment strategies, quantitative analysis, hedging, trading, and risk management activities. Prior to this role, Mr. Macdowell was a Senior Portfolio Manager at Old Hill Partners, a fixed income asset management firm, where he was responsible for the management of the firm’s mortgage-backed, asset-backed securities and structured credit investment strategies.
Mr. Macdowell earned his Bachelor of Business Administration degree from the University of Texas at Austin, he is a CFA charterholder, a member of the CFA Institute, a member of the Stamford CFA Society and a member of the New York Society of Security Analysts.
Peter is best known for his work with Quadrant Homes where he served for almost 25 years, helping to bring Quadrant to prominence as Washington’s leading homebuilder, and serving as President of the Company. In October of 2010 he assumed the role of President and CEO of Weyerhaeuser Real Estate Company where he oversees 5 different homebuilding operations across the Country. He is past Chairman of the King County Housing Authority and a past President of the King and Snohomish County Master Builders Association. Currently he is chair of the Cascade Land Conservancy, a board member for the Seattle Chamber of Commerce as well as an advisory member of the Runstad Real Estate Center. He also served as Chair of the Mercer Island planning commission and was elected to a four-year term on the City Council in 1994.
He attended the University of Puget Sound where he earned a Bachelor’s of Science degree in Natural Science, the University of Washington where he earned a Master’s degree in Urban Planning and finally is a graduate of the Stanford University Executive Management Program.
Spencer Rascoff is the Chief Executive Officer and a Director of Zillow Inc. Spencer joined the company as one of its founding employees in 2005 and was promoted to CEO in September 2010. In 1999, Spencer co-founded Hotwire.com, a leading Internet travel company, which was sold to Expedia in 2003. Spencer then became Vice President of Lodging for Expedia, where he ran Expedia’s largest and most profitable business line. Before his consumer Web career, Spencer was a private equity investor at TPG Capital, and an investment banker at Goldman Sachs, Bear Stearns, and Allen & Company.
Spencer graduated cum laude from Harvard University, and he serves on Harvard University’s Digital Community & Social Networking Advisory Group. Spencer is a member of the Young Presidents’ Organization (YPO), and the Policy Advisory Board at the Harvard Joint Center for Housing Studies.
Mr. Simon is a Managing Director in the Newport Beach office of PIMCO, a senior member of PIMCO’s portfolio management and strategy groups and head of the mortgage- and asset-backed securities teams. Prior to joining PIMCO in 2000, he was a senior managing director and co-head of MBS pass-through trading at Bear Stearns. He also authored The Daily MBS Commentary there. Mr. Simon has seven times been named to positions on the Institutional Investor All-America Fixed-Income Research Team, including first place in MBS pass-throughs and overall MBS strategies. He has 29 years of investment experience and holds both master’s and undergraduate degrees in industrial engineering from Stanford University.
Richard A. Smith is chairman, chief executive officer and president of Realogy Corporation, a global provider of real estate and relocation services with a diversified business model that includes real estate franchising, brokerage, relocation and title services. Under his leadership, Realogy has been recognized as one of the 2012 World’s Most Ethical Companies by the Ethisphere Institute, an international ethics think-tank organization. Smith earned his Bachelor of Science degree at Columbus State University and received his Master of Science degree from Troy State University.