Beijing, China — A global savings glut, desire for higher-yield investments, lack of regulation and greed were among the causes of the U.S. housing finance crisis, UNC Center for Community Capital Director Roberto G. Quercia told scholars and guests at an academic forum in Beijing May 30.
His presentation, “The Aftermath of the U.S. Financial Crisis: Implications for Affordable Housing Finance,” came during the Peking University Symposium on Urban and Regional Planning and Management.
Quercia was among five University of North Carolina at Chapel Hill professors invited to attend and present research findings.
Mortgage finance is a key area of study for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. Part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill, the center offers data and analysis that helps policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people more effectively. For more information, visit www.ccc.unc.edu or call (919) 843-2140.
Topics(s): Affordable Homeownership, Mortgage Finance