I wish to acknowledge the support received from several organizations in carrying out this study. Grants from the College of Commerce and Administration of The Ohio State University and the Mortgage Bankers Association of America helped finance the research. Additional financing and facilities were provided by the Center for Real Estate and Urban Economic Studies at the University of Connecticut; computer facilities at the University of Connecticut were supported by National Science Foundation Grant GP-1819. The Ford Foundation sponsored the Workshop in Research in Business Finance at the Harvard Business School, which I attended during the early phases of the project.
“The session on mortgages was jointly sponsored by the American Finance Association and the American Real Estate and Urban Economics Association.”