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Clifford Rossi

Clifford Rossi is an executive-in-residence and Tyser Teaching Fellow at the University of Maryland's Robert H. Smith School of Business. He has held senior risk management and credit positions at Citigroup, Washington Mutual, Countrywide, Freddie Mac and Fannie Mae.

Recent Stories From this Author

Time to Settle for GSE Restructuring?
April 22, 2014 A mediocre solution as unappetizing as that may be, in the long run, it is preferable to no solution at all in the secondary...

GSE Reform Bill Falls Short of Assuring Small Lenders Survive
April 15, 2014 The proposed Small Lender Mutual cooperative would be expensive for small firms to capitalize, and its securities may get...

How to Judge the Senate Banking GSE Reform Bill
February 19, 2014 Sens. Tim Johnson and Mike Crapo run the risk of proposing a second-rate solution for the market to gain mass support for...

Low-Tech Means High-Risk in Banking
February 5, 2014 For most of the banking industry, the ability to generate real-time views and assessments of risk across a company – right...

Bank Regulators Have a Poor Handle on Interest Rate Risk
January 24, 2014 Only three pages out of 40 in the OCC’s recent report cover interest rate risk. The discussion is toward the back. And the...

Bankers, Regulators Need a Risk Index
January 20, 2014 Regulators should create a risk management quality rating that may be used in examinations and deposit insurance pricing....

How to Make Non-'Qualified' Mortgages Bulletproof
January 10, 2014 Lenders can take advantage of a concept the CFPB missed: compensating factors. Strong credit histories, substantial down...

How Community Banks Can Save Themselves
January 6, 2014 Banking is increasingly a data-driven business. By creating a shared data and analytics utility, community banks could glean...

Financial System's Risk Navigator Still Has Blind Spots
December 23, 2013 The Office of Financial Research has made a number of improvements in its measurement of systemic risk but falls well short of...

Will Volcker End Up Another Example of Knee-Jerk Regulation?
December 9, 2013 A ban on portfolio hedging would perfectly illustrate the current practice of regulatory ‘populism’ that has pervaded...

Overlooked in Housing Reform Debate: Risk of Lender Concentration
December 4, 2013 Ignoring the effects of loan seller origination, sourcing, and servicing processes in a post-GSE secondary market could...

Conflicting Mortgage Rules Prolong Reign of the GSEs
November 25, 2013 Lenders’ choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make...

New Liquidity Rules Will Put a Drag on Mortgage Finance
November 11, 2013 The proposed treatment of mortgage securities and associated mortgage financing activities will constrain the sector while...

Beware When Risks Collide
November 4, 2013 It’s not enough to manage liquidity risk, credit risk, market risk, reputation risk, regulatory risk, and legal risk. Banks...

Long-Term Viability in Mortgage Market Hinges on Reps-and-Warrants Overhaul
October 22, 2013 Lenders will be exposed to material put-back risk unless steps are taken to set industry standards for loan origination and...

A U.S. Default Is the Ultimate Systemic Risk
October 11, 2013 A lesson for Congress in liquidity risk and market contagion.

Combine FHA with New Mortgage Agency to Avoid Another Bailout
October 7, 2013 Placing the Federal Housing Administration inside the proposed Federal Mortgage Insurance Corp. would provide singular...

How Online Home-Price Estimators Distort the Market
September 30, 2013 Homebuyers’ use of flawed automated valuation models creates an artificial drag on values during recoveries, amplifies...

Alchemy of Bank Loan Loss Reserving Remains Under FASB Proposal
September 23, 2013 Moving to an expected-loss framework would be a step in the right direction but entails a great deal of subjectivity, model...

JPMorgan Should Have Gone Further to Retool Risk Governance
September 16, 2013 Having one risk expert on the board’s risk committee is better than none, but a bit like having a general physician in an...