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Nicolas Retsinas
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Nicolas P. Retsinas is a Senior Lecturer in Real Estate at the Harvard Business School where he teaches courses in housing finance and real estate in emerging markets. Mr. Retsinas is also Director Emeritus of Harvard University’s Joint Center for Housing Studies, a collaborative venture of the Graduate School of Design and the Harvard Kennedy School.

Prior to his Harvard appointment, Retsinas served as Assistant Secretary for Housing-Federal Housing Commissioner at the United States Department of Housing and Urban Development and as Director of the Office of Thrift Supervision. Mr. Retsinas also served on the Board of the Federal Deposit Insurance Corporation, the Federal Housing Finance Board and the Neighborhood Reinvestment Corporation. He received a Meritorious Service Award from the US Treasury Department in 1997. He also received the Excellence in Public Service Award from the Rental Housing Association in 1998 and the Housing Leadership Award from the National Low Income Housing Coalition in 2001. He is in the National Housing Hall of Fame and was named one of the most influential people in real estate by the National Association of Realtors, in home building by BUILDER magazine, and in multifamily housing by Multi-Housing News. In 2008, he was inducted into the Affordable Housing Hall of Fame and in 2009 was named by BUILDER magazine as one of the top 30 innovators in the home building industry in the past 30 years. In 2010, Bloomberg Business Week named him one of the 50 most powerful people in real estate.

Mr. Retsinas also served the State of Rhode Island as the Executive Director of the Rhode Island Housing and Mortgage Finance Corporation from 1987 to 1993. He received his master’s degree in city planning from Harvard University and his AB in economics from New York University. In 2008, he received an honorary Doctorate in Public Service from Rhode Island College.

Mr. Retsinas serves on the Board of Trustees for the National Housing Endowment and Enterprise Community Partners, and is on the Board of Directors of Community Development Trust, Inc., Freddie Mac, and the Center for Responsible Lending. He is a past Chair of the Board of Directors of Habitat for Humanity International.

Mr. Retsinas has lectured and written extensively on housing, community development and banking issues. He has co-edited Low-Income Homeownership: Examining the Unexamined Goal (2002), Building Assets, Building Credit: Creating Wealth in Low-Income Communities (2005), Revisiting Rental Housing: Policies, Programs, and Priorities (2008), Borrowing to Live: Consumer and Mortgage Credit Revisited (2008) and Moving Forward: The Future of Consumer Credit and Mortgage Finance (forthcoming, Brookings Press). He has also co-authored Opportunity and Progress: A Bipartisan Platform for National Housing Policy (2004) and Our Communities, Our Homes: Pathways to Housing and Homeownership in America’s Cities and States (2007). He is a Fellow at the National Academy for Public Administration

Blog Entries by Nicolas Retsinas

The Foreclosure Pileup: More Bad News for the US Economy

Posted November 30, 2010 | 14:43:11 (EST)

Imagine a million-car pileup on the highway. Nobody moves. That's the housing foreclosure breakdown: houses stalled, waiting on the housing market highway.

The cause of the pileup, like the cause of most pileups, is volume. Too many mortgages have broken down. A decade ago, a small stream of cars stalled...

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