SMITH BRAIN TRUST – The coronavirus pandemic has changed so much about the way we live and work. And some of those changes are here to stay. Maryland Smith experts explore a few of them.
Clifford Rossi is an 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. His most recent position was managing director and chief risk officer for Citigroup's Consumer Lending Group where he was responsible for overseeing the risk of a $300+B global portfolio of mortgage, home equity, student loans, and auto loans with 700 employees under his direction. While there he was intimately involved in Citi's TARP and stress test activities. He also served as the chief credit officer at Washington Mutual (WaMu) and as managing director and chief risk officer at Countrywide Bank.
Pandemic-era disruptions underscored a troubling reality in the pharmaceutical industry – an outsized reliance on foreign manufacturers for the raw ingredients for drugs sold in the United States.
It’s a situation that exposes Americans to numerous risks – operational, financial, geopolitical and environmental. As concerns mount about those risks, the Food and Drug Administration’s Center for Drug Evaluation and Research (CDER), Office of Pharmaceutical Quality (OPQ) is looking to the University of Maryland’s Robert H. Smith School of Business for help with answers.
SMITH BRAIN TRUST – At a time when Americans are sharply divided about politics, corporate compliance officers are under pressure to talk to employees about ethical behavior, in the office and on social media.
SMITH BRAIN TRUST – The Consumer Financial Protection Bureau appears to have missed an opportunity to correct a nagging issue in its definition of a qualified mortgage, Maryland Smith's Clifford Rossi writes in HousingWire. And it goes to the heart of the borrower’s ability to repay.
SMITH BRAIN TRUST – Recent COVID-prompted Federal Reserve actions, fiscal policy responses, forbearances and foreclosures moratoriums have affected the reliability and stability of mortgage finance data models -- and the industry more broadly.
Oct. 19–Nov. 6, 2020
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.
SMITH BRAIN TRUST – The question of when to refinance is often a slightly complicated one, but with mortgage rates at years-long lows, you might think that everyone would be gathering up their documents and getting a new loan that will let them draw money out of their homes or pay them off faster.