Foreclosure Wave Ahead?
SMITH BRAIN TRUST – Among the newest worries to the economy in this coronavirus pandemic is this one: A rise in mortgage delinquencies.
Clifford Rossi
Dr. 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 Chief Credit Officer at Washington Mutual (WaMu) and as Managing Director and Chief Risk Officer at Countrywide Bank.
What’s Your Personal VaR?
By Clifford Rossi
SMITH BRAIN TRUST – The recent steep declines in global financial markets driven by uncertainty over a pandemic spread of the Covid-19 virus naturally have individual investors worried about their investment portfolios.
Managing your own investment risk like a bank can provide a way to quantify your appetite for risk under a wide range of outcomes in a consistent and easily understood manner.
Is It Time To Refinance Your House?
SMITH BRAIN TRUST – With mortgage rates recently falling to a three-year low, maybe you’ve been wondering whether it might be time to refinance.
Maryland Smith’s Clifford Rossi has some math to help you decide.
Banks Are Flirting With Bonds That Burned Them Before
SMITH BRAIN TRUST – Nostalgia can be a worrying thing.
That’s what Maryland Smith’s Clifford Rossi has been feeling.
Fixing the Vague, Complex Volcker Rule
SMITH BRAIN TRUST – This week’s loosening of the Volcker Rule – designed to prevent banks from making speculative investments that do not benefit their customers – has drawn polar reactions.
Equifax’s Big Little Fine
SMITH BRAIN TRUST – “It’s a lot of money,” says Maryland Smith’s Clifford Rossi, of the nearly $700 million that credit reporting giant Equifax has agreed to pay over a massive data breach it disclosed two years ago.
Will You Friend Facebook's Cryptocurrency?
SMITH BRAIN TRUST – Who will “friend” the new Facebook cryptocurrency? Maryland Smith experts weighed in, after the social media giant’s announcement that it would launch a new blockchain-based payment service, called Libra.
They questioned the timing of the decision, forecast how Facebook might change the cryptocurrency marketplace with the strength of its 2.4 billion monthly active users worldwide, and explored what the move means for traditional banks.
Echoes of the Financial Crisis, in Drug Manufacturing
SMITH BRAIN TRUST – The crisis over tainted heart drugs made in China and sold in the United States had an oddly familiar ring to it for Maryland Smith’s Clifford Rossi.
But it wasn’t a previous medical drug crisis that crept to mind for him. “No,” he says, “my mind immediately went to, ‘Well, it’s not just about banks, this whole risk management thing.’”
Fannie and Freddie Might Need Your Money
SMITH BRAIN TRUST – Ten years ago Fannie Mae and Freddie Mac emerged as a major worry in the financial sector, one that would require a massive bailout from the federal government and placement into conservatorship.
Smith Master of Finance Rises to No. 2 in U.S.
The Master of Finance program at the University of Maryland’s Robert H. Smith School of Business climbed to No. 2 in the United States in a Financial Times report published on June 18, 2018.
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