In their recently released book from Oxford University Press, “Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty,” Andrew Davidson and Alexander Levin analyze lessons learned from the 2007-9 financial crisis and offer insight into the future of the U.S. housing finance system, providing a great jumping off point for discussion.

We invite you to join us for presentations by the authors, followed by a panel discussion with industry experts about the most important questions affecting housing finance reform:

• Was the housing market drama a mathematical necessity?
• The reps and warrants system failed. How can it be fixed?
• Was market value a good measure of fair value for MBS pricing during the credit crisis?
• How can G-fees and GSE capital levels be determined?
• Do risk-sharing transactions improve GSE economics?

Guest speakers include:

• Richard Johns, Executive Director, Structured Finance Industry Group
• Bob Ryan, Special Advisor to Federal Housing Financial Agency Director
• Anthony Sanders, Distinguished Professor of Finance, School of Management, George Mason University
• Anthony Sepci, Partner, KPMG
• Susan Wachter, Albert Sussman Professor of Real Estate, The Wharton School, University of Pennsylvania
• Moderator: Nick Timiraos, Reporter, The Wall Street Journal