Getting Paid to Deliver Unwelcome Services

Bank executives sometimes viewed Smith professor Cliff Rossi as a killjoy during the buildup to the 2008 global economic meltdown. As chief risk officer at several of the largest U.S. financial institutions, Rossi faced the task of raising unwelcome concerns when banks started setting aside traditional safeguards and packaging subprime loans. “I had a front row seat at the party and the funeral,” says Rossi, who spent time with Citigroup, Washington Mutual, Countrywide Bank, Freddie Mac and Fannie Mae.

Smith Brain Trust Delivers Bite-Sized Business Insights

COLLEGE PARK, Md. (March 26, 2015) — Working professionals with an interest in the Washington, D.C., region have a new source for bite-sized business insights, delivered weekly to their inboxes from the University of Maryland’s Robert H. Smith School of Business. Smith Brain Trust, published every Thursday, will provide commentary on the latest mergers, marketing campaigns, policy debates, investment news and business research — drawing upon the broad knowledge of the school’s faculty.

Analysis Group Taps Russ Wermers

Russ Wermers, professor of finance at the University of Maryland’s Robert H. Smith School of Business, will provide expertise, as an affiliate, to one of the largest economic consulting firms in North America.

Why Freddie Mac Should Slow Down

SMITH BRAIN TRSUT -- Smith Executive-in Residence and Professor of the Practice Cliff Rossi has raised concerns as mortgage underwriting giant Freddie Mac recruits traders from the likes of Citi, Bank of America and Credit Suisse to place new housing wagers.

Smith's Rossi Tapped by Mortgage Insurer

Radian Group Inc., has appointed Smith finance professor Cliff Rossi as senior vice president and chief economist. In this position, Rossi will be responsible for research, forecasts, quantitative analysis and financial modeling of mortgage insurance portfolio and the housing and mortgage markets of one of the nation's largest private mortgage insurers.

How to Bring Our Zombie Housing-Finance System Back to Life

SMITH BRAIN TRUST -- Since 2008 the United States has had a zombie mortgage-financing system, former bank executive Cliff Rossi writes today in a guest column for The Hill.

Quantitative Easing: Deflation-Stopping, but Insufficient to Jumpstart Eurozone Economy says UMD Expert

Hot Topic Alert: January 15, 2015 The World Bank warns permanent stagflation faces euro-currency countries. Countering the threat, the European Central Bank (ECB) sets to unleash a round of quantitative easing (QE), which means creating money to buy financial assets, including government bonds.

Guide for Risk Leaders

Cliff Rossi Book Lays Out ‘Roll-Up the Sleeves Approach’ for Pros, Students He saw the subprime meltdown from the inside of Citi, WaMu and Countrywide. He’s given expert testimony on risk governance on Capitol Hill. Professor of the Practice Cliff Rossi draws upon such experience for his new book, A Risk Professional's Survival Guide: Applied Best Practices in Risk Management (Wiley).

Reforming Fannie and Freddie – Without Congress

Smith Finance Expert Proposes Steps, Rationale to Undo Federal Takeover of Twin Mortgage Giants WASHINGTON, D.C. – Oct. 3, 2014 - The Federal Housing Finance Agency (FHFA) can use existing powers to reverse the government's control of Fannie Mae and Freddie Mac – without a gridlocked Congress, said Cliff Rossi, professor of the practice in finance at the University of Maryland's Robert H. Smith School of Business and executive-in-residence at the school's Center for Financial Policy.

Smith Business Close-Up: Reforming Fannie and Freddie

Thursday, June 5, 2014, 7:30 p.m. | Sunday, June 8, 2014, 7:30 a.m. Congress is still working on massive reforms to the country’s housing-finance system, with major reforms proposed for mortgage giants Fannie Mae and Freddie Mac. What does this mean for the housing market and home buyers? In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Cliff Rossi talks about reforms for the mortgage industry.

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