Decoding the Foreclosure Crisis: Causes, Responses, and Consequences

This Point/Counterpoint addresses the causes and consequences of the foreclosure crisis. Here, we feature a lively debate between two teams comprised of nationally renowned housing and mortgage policy experts. The first panel is comprised of Kristopher Gerardi, Research Economist and Assistant Policy Advisor at the Federal Reserve Bank of Atlanta; Stephen L. Ross, Professor of Economics at the University of Connecticut; and Paul Willen, Senior Economist and Policy Advisor at the Federal Reserve Bank of Boston. The second panel is comprised of Vicki Been, Boxer Family Professor of Law and Director of the Furman Center for Real Estate andUrban Policy at New York University; Sewin Chan, Associate Professor of Public Policy at New York University’s Wagner Graduate School of Public Service; Ingrid Gould Ellen, Professor of Urban Planning and Public Policy at New York University’s Wagner Graduate School of Public Service and Co-Director of the FurmanCenter for Real Estate and Urban Policy; and Josiah Madar, Research Fellow at New York University’s Furman Center for Real Estate and Urban Policy.