News at Smith

New AG to Keep Heat on Mortgage Lenders, Smith Expert says

Apr 24, 2015

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SMITH BRAIN TRUST -- Newly confirmed U.S. Attorney General Loretta Lynch has a strong record for going after mortgage fraud, says Cliff Rossi, professor of the practice at the University of Maryland’s Robert H. Smith School of Business. He anticipates that Lynch will reinforce predecessor Eric Holder’s actions to hold lenders accountable for their role in the 2008 financial crisis. Rossi, who recently testified to Congress about making the FHA a better risk manager, says Lynch’s tenure as U.S. attorney in Brooklyn is telling. “Given her background and some of the mortgage-fraud cases that she’s prosecuted up in New York, I would expect that she’s not going to back away from what’s already on the table,” Rossi says today in Bloomberg Business. Read more...

About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty master's, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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