Dwight M. Jaffee is the Willis Booth Professor of Banking, Finance, and Real Estate at the Haas School of Business, University of California at Berkeley, where has taught since 1991. He previously taught for many years in the economics department of Princeton University. Professor Jaffee is a member of the Haas School’s Finance and Real Estate groups, and is Co-Chair of the Fisher Center for Real Estate and Urban Economics, a UC Berkeley campus research center.

His primary areas of research are real estate finance (especially mortgage backed securitization and the government sponsored enterprises) and insurance (including financial guarantee, earthquakes, terrorism, and auto). Recent research papers in the real estate field relate to the subprime mortgage crisis, US mortgage market policy, and the role of the government sponsored enterprises. Recent research papers in the insurance field relate to why private firms do not offer catastrophe insurance, the government’s role in catastrophe insurance, and the structure of monoline insurers. Overall, Professor Jaffee has authored 6 books and over 100 articles.

He has served in advisory roles for the World Bank, the Federal Reserve System, the Office of Federal Housing Enterprise Oversight, and the U.S. Department of Housing and Urban Development. He is currently a public interest director on the Genworth Financial Contra Mutual Fund and a member of the Academic Advisory Board for Fitch Ratings.