Faculty Directory

Faculty Information

CHESTER S. SPATT

Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets

Former Chief Economist and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission (July 2004-July 2007)

Email:
cspatt@andrew.cmu.edu

Papers on Mortgages:

• The Effect of Refinancing Costs and Market Imperfections on the Optimal Call Strategy and the Pricing of Debt Contracts
  Real Estate Economics , 2005; 595-617.
  (With: -Kenneth Dunn)
  
  
• Call Options, Points and Dominance Restrictions on Debt Contracts
  Journal of Finance 54, 1999; 2317-2337.
  (With: -Kenneth Dunn)
  
  
• Private Information and Incentives: Implications for Mortgage Contract Terms and Pricing
  Journal of Real Estate Finance and Economics 1, 1988; 47-60.
  (With: -Kenneth Dunn)
  
  
• An Analysis of Mortgage Contracting: Prepayment Penalties and the Due-on-Sale Clause
  Journal of Finance 40, 1985; 293-308.
  (With: -Kenneth Dunn)