How Should Federal Loan Programs Consider Concentration Risk?

3/20/17 8:23 AM

Last week, I released my new white paper on how Federal loan programs should consider concentration risk. Federal loan programs must have a clear understanding of their appetite for risk and often this means recognizing and even tolerating concentration risk.

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What Decreased the Value of HUD's Reverse Mortgage HECM Fund from FY15 to FY16?

3/15/17 9:04 AM

On November 15, 2016, the U.S. Department of Housing and Urban Development (HUD) published the Actuarial Review of the Federal Housing Administration Mutual Mortgage Insurance Fund HECM Loans for Fiscal Year 2016. This review, prepared by HUD's independent actuary, contained several major methodological changes from the FY 2015 version of the review. Those changes resulted in the economic value of the HECM portion of the Mutual Mortgage Insurance Fund (MMIF) falling to negative $7.7 billion from positive $6.8 billion the year before.

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Topics: FHA, HUD, Reverse Mortgages

DOL's Critical Role in Health Care Policy

3/14/17 11:07 AM

On February 10, the U.S. Senate confirmed Tom Price as Secretary of Health and Human Services (HHS). The following week, after Andrew Puzder withdrew his candidacy, President Trump announced his nomination of Alexander Acosta for Secretary of Labor. As the newly confirmed Secretary of HHS, Price is in a pivotal position to shape the future of the Affordable Care Act (ACA) and other health policies. However, as Secretary of Labor, Acosta will also have a significant but little-discussed role in health policy, vested in the Employee Benefit Security Administration (EBSA) within the Department of Labor (DOL).

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Topics: health claims, DOL EBSA, Affordable Care Act, ACA, ACA Replacement, ACA Repeal, Alexander Acosta

DOL’s Final Disability Benefits Claims Procedure Ruling

3/14/17 11:07 AM

On December 19, 2016, the Department of Labor (DOL) Employee Benefits Security Administration (EBSA) published the final rule outlining claims procedure regulations for employee benefit plans providing disability benefits under the Employee Retirement Income Security Act of 1974 (ERISA). The rule promotes greater disclosures for plan administrators denying disability claims. While originally in effect as of January 18, 2017, the ruling is on hold for 60 days with the January 20, 2017 Regulatory Freeze.

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Topics: blog, health claims, Disability Claims Ruling, DOL EBSA

Summit Releases White Paper on Concentration Risk and Federal Lending Programs

3/14/17 8:36 AM

Today, Summit Principal Anthony Curcio published a white paper on concentration risk and federal lending programs. Titled “Should Federal Lending Programs Mitigate Concentration Risk?” the paper dives into what concentration risk is, how it is mitigated in the private sector, and how it relates to federal lending programs.

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How a HECM Reverse Mortgage Loan Works

3/13/17 9:04 AM

On November 15, 2016, the U.S. Department of Housing and Urban Development (HUD) published the Actuarial Review of the Federal Housing Administration Mutual Mortgage Insurance Fund HECM Loans for Fiscal Year 2016. This review, prepared by HUD's independent actuary, contained several major methodological changes from the previous (FY 2015) version of the review. Those changes resulted in the economic value of the HECM portion of the Mutual Mortgage Insurance Fund (MMIF) falling to negative $7.7 billion from positive $6.8 billion the year before.

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An Overview of FHA's HECM Reverse Mortgage Loan Program

3/9/17 2:01 PM

On November 15, 2016, The U.S. Department of Housing and Urban Development (HUD) published the Actuarial Review of the Federal Housing Administration Mutual Mortgage Insurance Fund HECM Loans for Fiscal Year 2016. This review, prepared by HUD's independent actuary, contained several major methodological changes from the previous (FY 2015) version of the review. Those changes resulted in the economic value of the HECM portion of the Mutual Mortgage Insurance Fund (MMIF) falling to negative $7.7 billion from positive $6.8 billion the year before.

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Predicting Best Picture at the Academy Awards

2/24/17 4:47 PM

Every day, I use predictive analytics to help litigators win their cases. In addition to my work, I like to use my predictive modeling abilities on events I find interesting including the academy awards. Predicting the Oscars is a major challenge for modelers everywhere. Outlets such as FiveThirtyEight, PredictWise, and others publish their model results each year. Based on my model, the favorite to win Best Picture is La La Land with a winning probability of 69.03%. 

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Topics: Summit Blog

Dr. Austin Lasseter's Research to be Presented at Association for Education Finance and Policy Conference

2/10/17 10:48 AM

Dr. Austin Lasseter is a co-author on a research paper that will be presented at the annual meeting of the Association for Education Finance and Policy (AEFP) in Washington, DC. The paper is titled "Enabling Teacher-centric Analysis through Multiplicity-adjusted Indirect Sampling Estimation from Teacher Data Linked to Student Data." The lead author is Dr. Avinash Singh of the American Institutes for Research.

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What’s on the Horizon for Health Policy in 2017?

2/6/17 3:40 PM

Last week, I attended the 2017 AcademyHealth National Health Policy Forum in DC, where experts from government, industry, and academia convened to discuss, debate and predict top priorities for the year ahead. 

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Topics: health claims

About the Summit Blog

Complexity simplified.

Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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