Published Opinions
Model Risk Challenges and Opportunities in 2022
Rapidly changing economic, regulatory and environmental conditions this year should heighten risk model teams’ focus on data, technology and climate change.
Risks of Nonbank Mortgage Sellers and Servicers Revisited
Writing in HousingWire, Smith's Clifford Rossi offers further explanation on why Ginnie Mae's proposed liquidity standards are sorely needed.
Ginnie Mae's New Liquidity Standards Are Sorely Needed
Proposal to strengthen capital requirements will establish a more level playing field between depositories and nonbanks, Smith's Clifford Rossi writes in HousingWire.
Pulling Back the Curtain on Bank Climate Stress Tests
Based on current data and models, implementation of such stress tests is another exercise in 'feel good' regulatory policy, Smith's Clifford Rossi writes in The Hill.
Making Fannie Mae and Freddie Mac a Single Utility
What will happen now to Freddie Mac, Fannie Mae and their 12-year conservatorship? Writing in HousingWire, Smith's Clifford Rossi shares his view.
The CFPB Missed a Chance to Fix the QM Rule
The Consumer Financial Protection Bureau appears to have missed an opportunity to correct a nagging issue in its definition of a qualified mortgage, Smith's Clifford Rossi writes in Housing Wire.
Rising Hurricanes on Mortgage Risk
Hurricanes are expected to increase in intensity and frequency. Will this lead to a significant upsurge in mortgage defaults, and what are the risk implications for mortgage credit investors, insurers and GSEs? Smith's Clifford Rossi writes about it all in GARP Intelligence.