At various times I was Chief of the Domestic Research Division of the Federal Reserve Bank of New York, on the senior staff of the National Bureau of Economic Research, Jacob Safra Professor of International Banking at the Wharton School, and managing editor of the Journal of Finance and the Housing Finance Review. I have also been a consultant to many government agencies and private financial institutions, and a director of the Teachers Insurance and Annuity Association, Federal Home Loan Bank of Pittsburgh, Guild Mortgage Investments, and First Federal Savings and Loan Association of Rochester. In recent years I began to focus my efforts toward helping consumers navigate the home loan market. McGraw Hill published my Mortgage Encyclopedia in 2004, with a second edition in 2010. In 2011 I began the development of a loan origination network at www.mtgprofessor.com, with participating lenders subject to rigorous certification rules. In 2013, a similar network was developed for...
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