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Valley Extra
Our Corner of the Valley Scott Taper
VP, Business Development, VCTaskforce
By Scott Taper “Mortgage-Backed paper for my MBA at SciTech Commercialization and Licensing Consultants
Bonds for Savings and Santa Clara University. www.scitechcal.com
CORRECTION: Loan Associations: I, unfortunately, never
In my last article, my Management and Public returned it to Dr. Bradford and must be used of the Business School at
inaugural article, I wrote Policy Issues” (Bradford, and later I found that it cautiously and only in University of Maryland
that June Riley, CEO and W. D., 1980). His was indeed out of print. a rapidly growing real and later Dean at the
founder of VCTaskforce findings were profoundly This brings me to my estate market. Today’s University of Washington,
graduated from Boston predictive of the later point, which is avoiding fixed interest rates are where he now enjoys the
University. It was turmoil in the real variable rate mortgages, historically low, enabling status of dean emeritus,
Northeastern University. estate housing markets when possible. They very low payments for still teaching and writing.
Also, the meetings in slowdowns in 1989 and are great for some home higher value properties. Reference: Bradford,
San Francisco take place predicting housing market buyers in an undervalued When you buy, think long W. D., 1980, “Mortgage-
in 4 Embarcadero, not 1 crash. market with expected term. Backed Bonds for Savings
Embarcadero. Now on to In Dr. Bradford’s future growth. Past NOTE: After not and Loan Associations:
new business. writings, there were experience has proven that receiving tenure at Management and Public
Back in 1980 Dr. predictions that that variable rate mortgages Stanford, Dr. Bradford Policy Issues”
William D. Bradford, mortgaged backed bonds are abused instruments went on be associate Dean
a young assistant could be severely affected
professor at Stanford because of the use of
Business School wrote variable rate mortgages to
a monogram, a book on attract buyers into home
one subject that explored markets when there were
the effects of the newly shortages of qualified
granted variable rate buyers. He correctly
mortgages that could be predicted that abuse of
offered by savings and variable rate mortgages
loans and banks. That would eventually lead to
monogram was written a catastrophic collapse
by Dr. Bradford as part of the real estate market
of a summer project he in the late 1990s or early
performed as Summer 2000s. I know these facts
Scholar for the San because he entrusted his
Francisco office of the only copy to me when
Federal Home Loan Bank I was preparing my
Board. It was entitled capstone team marketing
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