Home » Stories » Event Recaps » Four students attend Bloomberg/NYU real estate conference

Four students attend Bloomberg/NYU real estate conference

Event Recaps , Finance Students | Oct 30, 2013 |

The Gabelli School was represented at last week’s Bloomberg/NYU conference on New York City real estate by Andrew Burns (GSB ’15), John D’Alessandro (GSB ’17), Gleb Ditrikh (GSB ’16) and Meg Muha (GSB ’14).

Our students joined professionals from all over the city, across all sectors of the real estate industry, for a discussion of the future of the real estate market.

“This conference took a thorough look at all aspects of real estate finance,” John said, citing topics such as residential mortgage-backed securities, the future of New York City affordable housing, and the changing New York City luxury market.

Presenters and panelists represented city agencies, large banks and major real-estate players such as MetLife, Related and Christie’s. Among the speakers who stood out to the Fordham students was Tim Mayopoulos, the CEO of Fannie Mae.

John said that Mr. Mayopoulos addressed the question of whether the U.S. government should retain its role in the real estate market or move toward a system like that of Australia, where private capital is the main source of real estate financing. He recalled Mr. Mayopoulos’s words that “there is no perfect option,” but rather a series of tradeoffs.

“If the government were taken out of the equation, the housing finance system would be a completely different market altogether,” John explained, paraphrasing Mr. Mayopoulos’s remarks. He said that one example given was that the 30-year fixed-rate mortgages that the U.S. government has made so popular would shift toward a five-year adjustable-rate mortgage model under a private system.

The Fordham students attended the conference free of charge thanks to Rose McSween of the university’s development office, who also accompanied them on the trip.

 

 

 

 

 

 

Connect with the Gabelli School of Business

© 2024 Gabelli School of Business

GabelliConnect is the news site of the Gabelli School of Business at Fordham University. Read about career opportunities, campus events, student and alumni success stories, and more.