Please mark your calendars for a Real Estate Finance Seminar sponsored by the Center for Real Estate and Finance. Professor Anthony B. Sanders from George Mason University will present his paper, "What is Subordination About? Credit Risk and Subordination Levels in Commercial Mortgage-backed Securities,” on May 2nd in Statler 198 from 9:30 am – 11:00am. The paper he will present is attached.

Anthony B. Sanders is Professor of Finance in the School of Management at George Mason University. He has previously taught at University of Chicago (Graduate School of Business), University of Texas at Austin (McCombs School of Business) and The Ohio State University (Fisher College of Business). In addition, he served as Director and Head of Asset-backed and Mortgage-backed Securities Research at Deutsche Bank in New York City.
His research and teaching focuses on financial institutions, securitization, capital markets and real estate finance and investments. He has published articles in Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Financial Services Research, Real Estate Economics, Journal of Housing Economics and other journals. Professor Sanders has received 6 teaching awards and 3 research awards. He serves as Associate Editor for several leading journals. He has given presentations to the Federal Reserve of Cleveland, Bank of England, European Central Bank in Frankfurt, Bank of Japan as well as academic and executive education presentations in Australia, Chile, Italy, Germany, UK, Japan, China, Poland, Mexico, South Africa and the USA.