Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 2/18/14  and contains information from public web pages and contributions from the ZoomInfo community.

Dr. Christopher L. Cagan

Wrong Dr. Christopher L. Cagan?

Vice President of Research

Phone: (213) ***-****  
Local Address:  Los Angeles , California , United States
John Burns Real Estate Consulting , Inc.
16485 Laguna Canyon Road Suite 130
Irvine , California 92618
United States

Company Description: John Burns Real Estate Consulting, Inc. professionals help real estate executives make informed decisions. We listen to our clients and apply our knowledge and...   more

Employment History


  • doctorate degree , mathematics
    University of California at Los Angeles
  • bachelor's Degree , mathematics
    University of California at Los Angeles
  • master's Degree , mathematics
    University of California at Los Angeles
  • Ph.D.
191 Total References
Web References
US Bank Foreclosures - bank foreclosure news, 21 Mar 2007 [cached]
There may also be a trigger ceiling, meaning when the balance reaches a certain level - say 120 percent of the original balance - the introductory terms will end and the rate will reset upward, according to Christopher Cagan, director of research at First American Real Estate Solutions, a mortgage information provider.
End result: A much higher interest rate on a bigger loan than the homeowner ever intended.
In the past two years, homeowners took out 1.3 million ARMs with teaser rates below 2 percent, according to Cagan's research.
Get fixed: Moving into a fixed-rate mortgage is the best thing you can do so long as you don't have negative equity, agreed Gumbinger, Adam and Cagan.
Santa Monica Real Estate Properties Courtesy of Boardwalk Realty, 1 Nov 2004 [cached]
Joining the chorus of moderates, Christopher Cagan, director of research and analytics at First American Real Estate Solutions, states, "The best scenario would be to go back to a healthy, normal, sustainable market going up 6 percent, 8 percent (home prices), with mortgage interest rates remaining where they are or perhaps a little higher."
First American CoreLogic Study Investigates Impact of Mortgage Payment Reset | Mortgage News Review, 23 Aug 2008 [cached]
Authored by Christopher Cagan, Ph.D., director of research and analytics at First American CoreLogic, the study examines 26 million mortgages and focuses on 8.37 million adjustable-rate mortgages originated between 2004 and 2006 valued at $2.2 trillion.
New Jersey bankruptcy lawyer, Lee M. Perlman - Bankruptcy Articles | New Jersey Bankruptcy Law Practice, 31 Mar 2007 [cached]
About 1.1 million homeowners will lose their homes to foreclosure because of a mortgage resetting to a higher rate over the next six to seven years, said Christopher L. Cagan, director for research and analytics at First American CoreLogic, a mortgage industry research firm in Santa Ana, Calif.
He studied two databases with information on 58 million mortgages and sees a wave of mortgage resets moving through the system, first the mortgages with low teaser rates, followed by subprime loans and finally, as the decade comes to a close, the loans to homeowners with good credit.
This pig-through-the-python transition is not enough to hurt the overall economy ‹ about $112 billion will be lost, he calculated ‹ but it is a world of pain for the households involved.
Almost all of the teaser loans issued this decade ‹ those mortgages offered for less than 3 percent ‹ have reset in the last two years. Rates for most of the homeowners with good credit who obtained adjustable-rate mortgages during the boom years of the housing market will reset from 2008 to 2010. Mr. Cagan said he thought only 7 percent of these loans would default because of the reset.
He concluded that ³2008 is the pinch year.² If he were a gambling man ‹ or a real estate investor, but really, what¹s the difference? ‹ he said he would start buying residential properties in 2009.
The bulk of the subprime adjustable-rate mortgages, those made to people with less-than-sterling credit reports, are resetting this year and next. About 12 percent of the subprime mortgages will default, he predicted.
Multiply 50 percent times 26 percent and you reach the sad fact that the person has to pay 13 percent more of income to cover the mortgage. ³At 50 percent of your income there is not that much you can cut,² Mr. Cagan said.
Mr. Cagan, the researcher at First American CoreLogic, found that if house prices went up 1 percent nationally, 70,000 fewer loans would foreclose because of resets.
Of course, the opposite is true as well, he said.
The study, "Real Estate Flipping: Gold ... [cached]
The study, "Real Estate Flipping: Gold Mine, Mistake or Fraud," by Christopher Cagan, Ph.D., director of research and analytics at First American RES, examines the prevalence of -- and profits made from -- flipping residential real estate properties from 1999 through June 2005 in three of the hottest real estate markets in the country: Las Vegas, Miami and Orange County, Calif.
"While the market has done well overall, flippers have done even better," said Cagan.
Other People with the name "Cagan":
Other ZoomInfo Searches
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.