News

Anthony Pennington-Cross named Finance Department chair

 

June 12, 2014

Dr. Anthony Pennington-Cross, professor of finance, has been named chair of the Department of Finance. He succeeds Associate Professor of Finance Dr. Sarah Peck.

Pennington-Cross, who earned his Ph.D. from George Washington University, is widely published in leading academic journals including The Journal of Real Estate Finance and Economics, Journal of Urban Economics, Real Estate Economics, and others. His research has focused on subprime lending in the housing market, house price dynamics, commercial property fundamentals, and other urban and real estate issues.

In 2010, Pennington-Cross was honored with the Edwin S. Mills Best Paper in Real Estate Economics for his study, “The Termination of Subprime Hybrid and Fixed Rate Mortgages,” which showed that – prior to the 2008 financial crisis – there were significant vulnerabilities associated with emerging innovative mortgage products, commonly referred to as subprime mortgages.

Prior to joining Marquette Business, Pennington-Cross was a senior economist in the research division at The Federal Reserve Bank of St. Louis. Before that, he was a senior economist at the Office of Federal Housing Enterprise Oversight in the Office of Policy and Research and the director of research at the Research Institute for Housing America (RIHA), a research organization devoted to extending home ownership to all Americans.