Faculty News

Prof. Lawrence White on Extell Development’s affordable housing controversy in NYC

Excerpt from The Villager -- "Affordable housing’s presence in the same building would not likely affect the ability of a condo buyer to secure a mortgage, according to Lawrence J. White, an N.Y.U. economics professor and expert on the mortgage industry. 'It seems odd that Fannie would not buy an individual mortgage loan from an originator by an otherwise perfectly suitable borrower who had all the requisite conditions,' he said in a phone interview."

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