Gonzalo Maturana completed his Ph.D. in Finance at The University of Texas at Austin, McCombs School of Business in 2015. Prior to joining the faculty at Emory in 2015, Maturana held positions at the University of Chile and IM Trust, a Chilean investment bank. Maturana’s primary research focus is in corporate finance, household finance, securitization, and real estate. His recent research has been published in the Review of Financial Studies.
Areas of Expertise (4)
The University of Texas at Austin - McCombs School of Business: Ph.D., Finance
University of Chile - Center for Applied Economics: M.A., Applied Economics
University of Chile - School of Engineering: B.S., Engineering
Media Appearances (2)
Mortgage Bankers and Hedge-Fund Revivals
Why didn’t the bankers with the closest ties to the pre-crisis fraud lose their jobs? In their line of thinking, the fraud was not a feature of the people, but a feature of the asset class.
How J.P. Morgan and Barclays Mistakes Inflated the Housing Bubble
Market Watch online
Gonzalo Maturana, an assistant professor of finance at Emory University in Atlanta, combed through 3.1 million mortgages originated between 2002 and the end of 2007. More than one-quarter of these loans subsequently defaulted. While looking for inconsistencies in appraisal values and owner-occupancy status, the most interesting part of the investigation exposes how some mortgage securities were riddled with undisclosed second liens. These hidden debts reduced the borrowers’ incentive to repay their obligations. Griffin and his co-author found the gaps by comparing bank securities documents to county courthouse records.