Conflict of Interest Seen in Mortgage Study

July 15, 2011

A research report released last month by two George Washington University professors argued for weakening the role of the Federal Housing Administration with regard to insuring mortgages, and didn't disclose that it was partially funded by Genworth Financial Inc., a major player in providing private mortgage insurance, American Banker reported. The authors of the paper are Robert Van Order, chair of the Center for Real Estate and Urban Analysis, and Anthony Yezer, director of the university's Center for Economic Research. Yezer told American Banker that he didn't realize he had failed to note the sponsorship, but he didn't see it as a major issue. "I am not getting anything out of it, and Bob Van Order is not getting anything," he said. "They are using up our time, so they make a contribution to the university. The small amount that is involved is trivial compared to my billing rate [as a consultant] if I was doing this ordinarily."

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