George Mason UniversitySchool of Business
Profile Image

Sanders, Anthony

Academic Unit:Finance
Position:Distinguished Professor of Real Estate Finance
Office Location:Enterprise Hall 232
Office Hours:MW 4:00PM-6:00PM and by appointment
Research Interests:
  • Real estate finance and investment
  • Asset securitization
  • Housing and commercial asset economics
  • Financial institutions and residential/commercial lending
  • PhD - Urban and Housing Economics, The University of Georgia, Athens, GA
  • MA - Geography, University of Georgia
  • BA - Geography, California State University. Chico, Chico, CA

Anthony B. Sanders is Distinguished Professor of Real Estate Finance in the School of Business 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 corporate finance and banking with particular emphasis on real estate finance and investment. He has published articles in Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Financial Services Research, Journal of Housing Economics and other journals.

Sanders has received 6 teaching awards and 3 research awards and serves as an associate editor for several leading journals. He has recently given presentations to the European Central Bank in Frankfurt, Bank of Japan and Exane BNP Paribas in Paris and Geneva on the subject of the housing bubble in the U.S. and the mortgage market. He has given other presentations in Chile, Japan, China, Poland, England and Mexico in recent years.

Sanders has testified on mumerous occasions in both the U.S. House of Representatives and Senate. He is frequently interviewed by media outlets such as CNBC, Fox Business, CNN and Wall Street Journal.

Research and Awards:

Presented the paper titled, “Credit Risk and Subordination Levels in Commercial Mortgage-backed Securities,” at the Seminar at Cornell University in Ithaca, New York in 2014.

Published an article titled, “Local Traits and Securitized Commercial Mortgage Default” in the Journal of Real Estate Economics and Finance in 2013.

Presented the paper titled, “Local Traits and Securitized Commercial Mortgage Default” at the University of Florida Seminar in Gainesville, Florida in 2013 (with coauthor).

Presented the paper titled, “Credit Risk and Subordination Levels in Commercial Mortgage-Backed Securities (CMBS)*” at the American Real Estate Urban Economic Association Meeting in San Diego, California in 2013 and at the Midwest Finance Association Annual Meeting in Chicago, Illinois (with coauthor Joseph Nichols).

Wrote “Obama’s Mortgage Plan About Politics, Not Economics” for the Debate Club section of USNews.com on Feb. 6.

Presented the paper titled “Regional Variation in Commercial Mortgage Defaults” at Syracuse University in Syracuse, New York. 

Presented the paper titled “Default of Commercial Mortgage Loans during the Financial Crisis” at the American Real Estate Urban Economic Association Meeting in Denver, Colorado.

Presented the paper titled “Adverse Selection in Servicing” at the University of Melbourne in Melbourne, Australia. 

Had the presentation titled “Securitization After the Fall” published in the proceedings from the John D. and Catherine T. MacArthur Foundation Symposium.

Working Papers:

House of Cards: Reforming America's Housing Finance System
Dwight M. Jaffee, Arnold Kling, Peter Wallison, Lawrence J. White, Michael Lea, Anthony B. Sanders, Edward GlaeserFeb 29, 2012

Do We Need the 30-Year Fixed-Rate Mortgage?
Anthony B. Sanders, Michael LeaMar 14, 2011

Five Proposals for a New Housing Finance System in the United States
Dwight M. Jaffee, Lawrence J. White, Peter Wallison, Arnold Kling, Anthony B. Sanders, Michael LeaMar 2011

Media Clippings:

Will Bernanke Lower Rates Before Election?
August 6, 2012—FOX Business