Back to top

Photograph of Joseph Prendergast

Joseph Prendergast Professorial Lecturer Department of Finance and Real Estate

Contact
Send email to Joseph Prendergast
KSB - Finance and Real Estate
Degrees
B.S. in Mechanical and Aerospace Engineering, Cornell University

Ph.D. in Finance, University of Michigan

Bio
Dr. Prendergast is a Professorial Lecturer at American University and a part-time instructor at Nankai University in Tianjin, China and Southwestern University of Finance and Economics in Chengdu, China. Most recently, he was a Principal Policy Analyst at the Federal Housing Finance Agency (FHFA) for 7 years and was involved in setting guarantee-fee policy and with the credit-risk transfer program. Prior to joining FHFA, he worked at Securities Litigation and Consulting Group in Fairfax, Virginia where he testified as an expert witness in FINRA arbitrations involving complex securities. Prior to that, he was Principal and Director of Mortgage Research at Smith Breeden Associates in Durham, North Carolina where he worked for 11 years as a member of the Investment Management Group. He holds a Ph.D. in Finance from the University of Michigan Business School and a B.S. in Mechanical and Aerospace Engineering from Cornell University.
For the Media
To request an interview for a news story, call AU Communications at 202-885-5950 or submit a request.

Teaching

Spring 2020

  • FIN-672 Investment Anly/Portfolio Mgt

  • FIN-674 Derivatives & Risk Management

Fall 2020

  • FIN-365 Business Finance

  • FIN-365 Business Finance

  • FIN-465 Derivative Securities

  • FIN-672 Investment Anly/Portfolio Mgt

Scholarly, Creative & Professional Activities

Selected Publications

Prendergast, J. 2020. "Risk Parity Portfolios and Risk-Adjusted Returns." Working Paper.

Prendergast, J. “Fundamental, Flight-to-Quality and Flight-to-Liquidity Components in Subprime Mortgage-Backed Security Returns,” Journal of Fixed Income, 19 (1) (2009), pp. 5-25.  Winner of Institutional Investor Journals’ 2010 Peter L. Bernstein Award.

Prendergast, J. “Mortgage Options,” Chapter 44 in F.J. Fabozzi (ed.), The Handbook of Mortgage-Backed Securities, Sixth Edition (New York: McGraw Hill, 2006).  This chapter was solicited by invitation.

Prendergast, J. “The Complexities of Mortgage Options,” Journal of Fixed Income, 12 (4) (2003), pp. 7-24.

Prendergast, J. “Predicting the 10-Year LIBOR Swap Spread: The Role and Limitations of Rich/Cheap Analysis,” Journal of Fixed Income, 10 (3) (2000), pp. 86-99.