Clifford Rossi

Rossi to Congress: Make FHA a Better Risk Manager

Smith School Professor Cliff Rossi on Thursday outlined measures to a congressional subcommittee to make the Federal Housing Administration a better risk manager to rehabilitate its “extremely weak” Mutual Mortgage Insurance Fund. Rossi, who’s held senior risk management positions at Fannie Mae and Freddie Mac, testified about FHA oversight before the U.S. House Committee on Financial Services. He suggested five reforms. Read more...

How to Bring Our Zombie Housing-Finance System Back to Life

Since 2008 the United States has had a zombie mortgage-financing system, former bank executive Cliff Rossi writes today in a guest column for The Hill. “That year, in the wake of the collapse of the housing market, the government placed Fannie Mae and Freddie Mac, which underwrite the mortgages of many Americans, into conservatorship — a form of nationalization,” writes Rossi, Executive-in-Residence and Professor of the Practice at the University of Maryland’s Robert H. Smith School of Business.

Big Bank Tax Would Pinch Homebuyers

President Obama’s proposed fee on big banks would hurt homebuyers and fail to control risk-taking by those firms with more than $50 billion in assets, says Clifford Rossi, professor of the practice at the University of Maryland’s Robert H. Smith School of Business. The proposal, slated for inclusion in tonight’s State of the Union address, would affect about 100 financial institutions. Read more...

Smith Expert and Former Citigroup Executive Cliff Rossi Comments on Citi Job Cuts

Robert H. Smith School of Business finance professor and former Citigroup Inc. senior executive Cliff Rossi has weighed in on Citi’s plans to cut 11,000 jobs from its global consumer-banking unit. The move entails closing 84 branches, including 44 in the U.S.:

“These latest cost-cutting measures get Citi focused back on efforts to improve their operating efficiency relative to their peers. Citi's dollars of revenue generated per employee lag behind their competitors and so this announcement is not surprising.

Fed Tabs Smith School's Rossi for Insight to 'Urgent Financial Policy Issues'

Cliff Rossi, Tyser Teaching Fellow and Executive-in-Residence at the University of Maryland's Robert H. Smith School of Business, is among about 25 finance experts from around the world selected to share ideas in an April 9-10, 2012, conference, "Financial Reform: the Devil is in the Details," hosted by the Federal Reserve in Atlanta.

UMD-Smith School of Business Experts Available to Discuss Implications of $26 Billion Foreclosure Abuse Settlement

Finance professors Cliff Rossi, Albert "Pete" Kyle and Ethan Cohen-Cole are available to the media to discuss the broad range of implications surrounding the federal government’s $26 billion settlement with five major lenders that allegedly committed foreclosure abuses against homebuyers.

The agreement settles yearlong federal and state probes against Ally Financial Inc., Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co., and Wells Fargo & Co.

UMD Business Experts Available to Comment on Insourcing Jobs; Federal Reserve Call for Action on Housing

Media Alert: Jan. 18, 2012
Attention: Financial and Economic Reporters/Editors

UMD Business Experts Available to Comment on Insourcing Jobs; Federal Reserve Call for Action on Housing

College Park, MD - Finance and management faculty experts at the University of Maryland's Robert H. Smith School of Business weigh in on developments from recent proposals by the Federal Reserve and Obama Administration to boost the national economy. The Smith School has an in-house facility for live or taped interviews via fiber-optic line for television or multimedia content.

Pages

Subscribe to RSS - Clifford Rossi