User profiles for Alexander N. Bogin

Alexander Bogin

Federal Housing Finance Agency
Verified email at fhfa.gov
Cited by 432

[HTML][HTML] Appraisal accuracy and automated valuation models in rural areas

AN Bogin, J Shui - The Journal of Real Estate Finance and Economics, 2020 - Springer
Accurate and unbiased property value estimates are essential to credit risk management.
Along with loan amount, they determine a mortgage’s loan-to-value ratio, which captures the …

Property renovations and their impact on house price index construction

AN Bogin, WM Doerner - Journal of Real Estate Research, 2019 - Taylor & Francis
This paper provides the first wide-scale report of property renovation bias in repeat-sales
house price indices across a multitude of US geographies. In local markets, omitting …

Missing the mark: Mortgage valuation accuracy and credit modeling

AN Bogin, WM Doerner, WD Larson - Financial Analysts Journal, 2019 - Taylor & Francis
In 2008, the US mortgage market collapsed under a lack of transparency, incorrect pricing,
and underestimated risk. Price indexes, however, could help investment managers monitor …

[HTML][HTML] Local house price paths: accelerations, declines, and recoveries

AN Bogin, WM Doerner, WD Larson - The Journal of Real Estate Finance …, 2019 - Springer
Mortgage credit risk measurement hinges on the choice of a house price stress path, which
is used to project loan losses and determine financial capital requirements. House price …

[HTML][HTML] How low can house prices go? estimating a conservative lower bound

AN Bogin, SD Bruestle, WM Doerner - The Journal of Real Estate Finance …, 2017 - Springer
In risk management, the credit risk and required capital associated with mortgage assets is
often estimated through stress testing where the house price path is an important determinant …

Local house price growth accelerations

AN Bogin, WM Doerner, WD Larson - 2016 - ideas.repec.org
We document real house price growth accelerations in US ZIP codes between 1975 and
2015. Acceleration episodes, which are defined to include relatively extreme periods of price …

Winning pays: High school football championships and property values

AI Friedson, AN Bogin - Journal of Housing Economics, 2013 - Elsevier
A large literature explores the effect of schooling characteristics on property values, but touches
little on non-academic attributes of schools. This study demonstrates the capitalization of …

Geographic Disaggregation of House Price Stress Paths: Implications for Single-Family Credit Risk Measurement

AN Bogin, LR Ealey, K Landeryou, S Smith, A Tsai - 2023 - ideas.repec.org
We explore the impact of geographic disaggregation of house price stress paths on single-family
credit risk measurement. Specifically, we focus on the value added of moving from …

Overlooked Market Risk Shocks: Prepayment Uncertainty and Option-Adjusted Spreads

AN Bogin, N Polkovnichenko… - The Journal of Fixed …, 2016 - search.proquest.com
Assessments of market risk for economic or regulatory capital typically involve calculating a
portfolio's sensitivity to key risk factor movements. In this article, we describe how to generate …

Correction to: Local House Price Paths: Accelerations, Declines, and Recoveries

AN Bogin, WM Doerner, WD Larson - The Journal of Real Estate Finance …, 2020 - Springer
The article Local House Price Paths: Accelerations, Declines, and Recoveries written by
Alexander N. Bogin, William M. Doerner and William D. Larson was originally published …