Summit Releases New White Paper on Housing Counseling

4/25/17 3:37 PM

Today, Summit's Chief Housing Economist Dr. Edward Seiler and Senior Research Fellow Dr. George Cave released a white paper on the housing counseling industry in collaboration with SP Group. 

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Summit & UMD Host Third Annual DC DataFest

4/13/17 12:45 PM

Last weekend, Summit hosted the third annual Washington, DC-area American Statistical Association DataFest™ with the University of Maryland. The yearly competition brought together more than ten teams from 6 local colleges and universities to analyze the same set of data and brainstorm unique ways to use and present it. 

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Notes From This Year's NRMLA Conference

4/10/17 10:27 AM

Last week, I attended the National Reverse Mortgage Lenders Association (NRMLA) 2017 Eastern Regional Meeting & Expo in New York. The title of this two-day conference was “Reverse Mortgages in a Time of Change.” The theme of many of the sessions and presentations centered on the administration transition and the Home Equity Conversion Mortgage (HECM) program going forward.

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Measuring Engagement During Learning with Machine Learning

4/4/17 12:06 PM


It is generally acknowledged that engagement plays a critical role in learning. Unfortunately, the study of engagement has been stymied by a lack of valid and efficient measures. When researchers from diverse disciplines come together and collaborate, breakthroughs happen.

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Strengthening the HECM Reverse Mortgage Program through Updated Rules

3/30/17 10:09 AM

On January 9, 2017, the U.S. Department of Housing and Urban Development (HUD) published a final rule entitled Federal Housing Administration: Strengthening the Home Equity Conversion Mortgage Program. The final rule, which followed the May 19, 2016 proposed rule, takes effect September 19, 2017, and “codifies several significant changes to FHA’s Home Equity Conversion Mortgage program that were previously issued under the authority granted to HUD in the Housing and Economic Recovery Act of 2008 and the Reverse Mortgage Stabilization Act of 2013, and makes additional regulatory changes.”

Two of Summit’s housing experts—Dr. Edward Seiler and Andrew Netter—provide an overview of the additional regulatory changes contained in the final rule. If you're interested in HECM mortages more generally, read our blog series.

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Topics: FHA, HUD, Reverse Mortgages

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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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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