Risk Management

The CFP’s risk management efforts are led by Clifford Rossi, executive-in-residence and professor of the practice at the Robert H. Smith School of Business, University of Maryland. Prior to entering academia, Rossi had nearly 25 years’ experience in banking and government, having held senior executive roles in risk management at several of the largest financial services companies.

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Risk Perspectives in Turbulent Times

July 31, 2020

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In our inaugural Risk Leadership Webinar Series, we'll interview Anil Hinduja, chief risk officer for Freddie Mac to gain perspective on topical risk issues. Learn more.

Fifth Annual Mortgage Risk Summit

October 8, 2020

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The Fifth Annual Mortgage Risk Summit, hosted by SEBA International, the University of Maryland’s Robert H. Smith School of Business, Mortgage Bankers Association, Freddie Mac, and Fannie Mae, will explore developments in risk management practices and processes in mortgage-related enterprises, with the goal of improving overall risk management while continuing to support innovation and access to credit, especially in light of the coronavirus pandemic.

Advanced Risk Management Training for Mortgage Professionals

Oct. 19–Nov. 6, 2020

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This comprehensive set of learning modules led by senior risk leaders at mortgage-specializing institutions. Topics include elements of risk governance, mortgage credit risk management, operational risk management for mortgage lending, secondary marketing risk management and mortgage risk analytics, among other key risk topics. Download agenda.

Other Events

MBA’s Risk Management, Quality Assurance & Fraud Prevention Forum

September 16, 2020
3:15-4:15 p.m.

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Considerable meteorological research suggests that the frequency and intensity of North Atlantic hurricanes are on the rise. The focus of this presentation is to assist attendees to better understand the specific impacts of hurricane intensity and frequency on mortgage default.

Clifford Rossi will be moderating the CRO panel on hurricane risk.

Managing Risk During the COVID-19 Pandemic

How Responses to Crisis Create Risk Chain Reactions: The Case of COVID-19
Clifford Rossi, Professor of the Practice & Executive-in-Residence

March 30, 2020

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Supply Chain Crisis: How Best In Class Organizations Battle Pandemic Risks
Sandor Boyson, Research Professor
 

March 31, 2020

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Sizing the Eventual Economic Damage of COVID-19: A Risk Assessment
Clifford Rossi, Professor of the Practice & Executive-in-Residence

April 1, 2020

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Research

Considerable meteorological research suggests that the frequency and intensity of North Atlantic hurricanes are on the rise with 2020 expected to be one of the busiest on record. Loans where a category three, four, or five hurricane was experienced during the loan’s life were found to be 13-18 percent more likely to become 180 days or 90 days delinquent or more, respectively than other loans in the same locations, controlling for all other risk factors.

If long-term hurricane trends bear out, mortgage default risk in areas with a higher incidence of major hurricanes will likely rise significantly over time. This paper finds that the government-sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Housing Administration are potentially underpricing hurricane risk effects on default and that the use of catastrophe bonds offer one way to manage these risks.

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Robert H. Smith School of Business
Map of Robert H. Smith School of Business
University of Maryland
Robert H. Smith School of Business
Van Munching Hall
College Park MD 20742