Bio of Brent Ambrose
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Brent Ambrose |
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Smeal Professor of Real Estate, Director, Institute for Real Estate Studies, Professor of Insurance and Real Estate |
Personal Homepage:
http://www.personal.psu.edu/bwa10/
Introduction
Dr. Ambrose is the Smeal Professor of Real Estate and Director of the Institute for Real Estate Studies at the Pennsylvania State University. Prior to joining Penn State University, Dr. Ambrose was the Director of the Center for Real Estate Studies and Professor of Finance at the University of Kentucky where he held the Kentucky Real Estate Professorship. In addition, Dr. Ambrose was an Associate Professor at the University of Wisconsin-Milwaukee where he directed the UWM real estate program and from 1997 to 1998 he was a Visiting Associate Professor and Research Fellow at the University of Pennsylvania Wharton School of Business. Dr. Ambrose is currently the Second Vice President and Program Chair of the American Real Estate and Urban Economics Association (AREUEA) and served as the Executive Vice President of AREUEA from 1996 to 2003. In 2003, he was elected a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics at the Homer Hoyt Advanced Studies Institute. In 2004, he was elected a Fellow of the Real Estate Research Institute and in 2006 he was appointed a Fellow of the FDIC Center for Financial Research. Currently, Dr. Ambrose serves on the editorial boards of the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research, the International Real Estate Review, and Real Estate Economics, and is a member of the board of directors for the Real Estate Research Institute and the American Real Estate and Urban Economics Association.
Dr. Ambrose specializes in real estate finance, corporate finance, and fixed income security analysis. His research interests include issues related to Real Estate Investment Trusts (REITs), loss mitigation programs associated with mortgage default and foreclosure, Government Sponsored Enterprises (GSEs), fixed-income securities, and consumer credit contracts. Dr. Ambrose has consulted with the U.S. Department of Housing and Urban Development and the Congressional Budget Office on several occasions regarding issues concerning FHA mortgage default and foreclosure, economically targeted assets, privatization of Fannie Mae and Freddie Mac, and the GSEs’ affordable housing goals. Dr. Ambrose has published extensively in the fields of real estate and finance. His work appears in The Journal of Money Credit and Banking, The Journal of Financial Intermediation, The Journal of Real Estate Finance and Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Services Research, Financial Management, Financial Analysts Journal, Real Estate Economics, Regional Science and Urban Economics, Journal of Real Estate Research, Journal of Urban Economics, Journal of Housing Economics, Journal of Housing Research, The Wharton Real Estate Review, and Cityscape: A Journal of Policy Development and Research. In addition, Dr. Ambrose is co-editor of Household Credit Usage: Personal Debt and Mortgages, published by Palgrave/MacMillian. Dr. Ambrose holds a Ph.D. and M.B.A. from the University of Georgia and a B.S. in Business from Wake Forest University.
Expertise
Real Estate Finance
Publication List
Agarwal, S., B.W. Ambrose, S. Chomsisengphet, and C. Liu, "An Empirical Analysis of Home Equity Loan and Line Performance", Journal of Financial Intermediation , October 2006, 15, 444-469.
Agarwal, Sumit, Brent W. Ambrose, and Chunlin Liu, "Credit Lines and Credit Utilization", Journal of Money, Credit and Banking , February 2006, 38, 1-22.
Ambrose, Brent W., Michael Lacour-Little, and Anthony Sanders, "Does Regulatory Capital Arbitrage, Reputation, or Information Asymmetry Drive Securitization?", Journal of Financial Services Research, January 2005, 28, 113-133.
Ambrose, Brent W., and Richard J. Buttimer, Jr., "GSE Impact on Rural Mortgage Markets", Regional Science and Urban Economics,, January 2005, 35, 417-433.
Ambrose, Brent W, "Forced Development and Urban Land Prices", Journal of Real Estate Finance and Economics, January 2005, 30, 245-265.
Ambrose, Brent W., Dong Wook Lee, and Joe Peek, "Industry Comovement After Joining an Index: Spillovers of Nonfundamental Effects", Real Estate Economics, January 2007, 35, 57-90.
Education
Ph.D.,
Real Estate,
University of Georgia,
1989
M.B.A,
Finance,
University of Georgia,
1987
B.S.,
Business,
Wake Forest University,
1986
Courses
REST/FIN 4, Real Estate and Capital Markets
REST 420, Analysis of Real Estate Markets