Regular biography
Walter Torous is a Senior Lecturer holding a joint appointment in the MIT Sloan School of Management and in the MIT Center for Real Estate. He teaches a graduate course in Mortgage Securitization and Other Assets. He has taught at the University of Michigan and at the London School of Business. Walter was the Lee and Seymour Graff Distinguished Professor and is founding director of the UCLA Zimon Center for Real Estate. He is also Professor Emeritus at the UCLA Anderson School of Management, where he taught managerial finance, real estate finance, and empirical methods in finance. His research interests include the pricing of financial instruments, the reorganization of financially distressed firms, and statistical issues in finance. He is currently the editor of Real Estate Economics and associate editor of the Journal of Real Estate Finance and Economics. He previously served as associate editor for the Journal of Housing Economics, the Pacific-Basin Finance Journal, and Economic Notes. Walter holds a BMath in economics from the University of Waterloo and a PhD in economics from the University of Pennsylvania.
Scholar-generated biography
Walter Torous is a Senior Lecturer at the Center for Real Estate, Massachusetts Institute of Technology, specializing in finance. His research focuses on financial markets, particularly the valuation of mortgage-backed securities, stock price dynamics, and the impact of volatility on stock returns. Torous has extensively explored the behavior of financial markets, including the role of jumps in stock prices, the effects of prepayment and default on mortgage valuation, and the comparison of insolvency codes across countries. His work also addresses the relationship between real estate prices and financial returns, emphasizing empirical investigations into market behavior and pricing models.