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Photograph of Joe Prendergast

Joe Prendergast Professorial Lecturer Department of Finance and Real Estate

Joe Prendergast
KSB | Finance/Real Estate
Kogod School of Business T49
B.S. in Mechanical and Aerospace Engineering, Cornell University

Ph.D. in Finance, University of Michigan

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 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 was Principal 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.

Dr. Prendergast is currently serving on the Kogod School of Business Curriculum & Assessment Committee (CAC) and the Student Academic Integrity Code (AIC) Hearing Committee.
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Spring 2024

  • FIN-464 Financial Markets&Institution

  • FIN-465 Derivative Securities

  • FIN-672 Investment Anly/Portfolio Mgt

Scholarly, Creative & Professional Activities

Selected Publications

Prendergast, J. 2021. "A Key Rate Approach to Replicating Annuities with U.S. Treasury Funds," Journal of Fixed Income, Summer 2021, 31 (1), pp. 65-79.

Prendergast, J. 2021. "Replicating Maximum Yield Annuities with U.S. Treasury Funds," Journal of Fixed Income, Spring 2021, 30 (4), pp. 81-99.

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.