SUSAN WACHTER

Biographic Data

ID5752074
NAMESUSAN WACHTER
GIVEN NAMESSUSAN
FAMILY NAMEWACHTER
SIGNATUREWACHTER S
AFFILIATIONSThe Wharton School, University of Pennsylvania
VERIFIEDNo
TOTAL WORKS9
TOTAL CITATIONS3
AUTHOR COUNT9
EDITOR COUNT0
FIRST PUBLICATION YEAR1989
LATEST PUBLICATION YEAR2025
H-INDEX1

  • Thinking Outside the Credit Box

    Open AccessStephanie Moulton, Vanessa Gail Perry et al.ARTICLEHousing Policy Debate2025

    What would it take to increase homeownership rates and close the racial homeownership gap in the U.S.? In this paper, a group of interdisciplinary housing policy scholars provide their collective insights on this question. They highlight the limitations of current approaches and describe potential product and institutional innovations to the housing finance system that may help close the racial homeownership gap

  • Resolving the Contested Future of the GSEs

    Open AccessEdward Golding, Susan M Wachter et al.ARTICLEHousing Policy Debate2025

    Seventeen years after entering conservatorship, Fannie Mae and Freddie Mac remain central to the future of U.S. housing finance. This paper evaluates the feasibility of their exit from conservatorship without Congressional action, assessing repayment of the federal bailout, capital adequacy under current regulatory frameworks, and the durability of structural reforms. It puts forth a utility model that preserves liquidity, affordability, and miss…

  • The Mortgage Market in the Time of Covid

    Laurie S Goodman, Susan M Wachter et al.ARTICLEHousing Policy Debate2021

    Fannie Mae and Freddie Mac, collectively known as the government-sponsored enterprises (GSEs), have been in conservatorship for more than a decade. These organizations continue to dominate the hous

  • The Mortgage Market as a Stimulus Channel in the Covid-19 Crisis

    Edward Golding, Laurie S Goodman et al.ARTICLEHousing Policy Debate2021

    The COVID-19 pandemic mortgage forbearance programs are valuable, providing relief to approximately 2 million homeowners. At the same time, aggressive Federal Reserve intervention has decreased mortgage rates substantially, encouraging refinancing. However, mortgage rates remain elevated, as the industry is capacity constrained, and mortgage underwriting has become more restrictive, limiting the potential gains to borrowers from the Fed’s actions…

  • Government-Sponsored Enterprises

    Richard L Cooperstein, Richard Cooperstein et al.ARTICLEHousing Policy Debate2021

    This article offers a vision of the future of the government-sponsored enterprises (GSEs) as mortgage utilities. The designation of the GSEs as systemically important mortgage market utilities preserves recent reforms that enable the entities to carry out their congressionally chartered mission while protecting taxpayers. We show that mortgage utilities can generate the stable profits necessary to attract private investors. If the GSEs are simply…

  • The Past, Present, and Future of the Community Reinvestment Act

    Susan M Wachter, SUSAN WACHTER et al.ARTICLEHousing Policy Debate2020

    The Community Reinvestment Act (CRA), enacted in 1977 and the subject of this special issue of Housing Policy Debate, was part of a trilogy of laws in the late 1970s including the Equal Credit Oppo

  • Real estate prices in Beijing, 1644 to 1840

    Open AccessDaniel M G Raff, Daniel Raff et al.ARTICLEExplorations in Economic History2013Cited by: 3References: 6

  • Sociology

    Open AccessSusan M Wachter, SUSAN WACHTERARTICLEThe Annals of the American…1998

  • The Impacts of Borrowing Constraints on Homeownership

    Open AccessPeter Linneman, Susan M Wachter et al.ARTICLEReal Estate Economics1989

    This paper utilizes microdata to directly quantify the impact of mortgage underwriting criteria on individual homeownership propensities. To determine whether a family is constrained by these criteria, the optimal home purchase price is estimated. The results indicate that wealth and income constraints both reduce homeownership propensities, with a stronger impact for wealth constraints. Mortgage market innovations of the early 1980s seem to have…