The COVID-19 outbreak reminds us that low-probability, high-risk events are inevitable. Therefore, responsible organizations must be prepared for any event, even if their form is hard to predict.

Topics: data analytics, white paper, COVID-19, Summit Blog, unforeseen risks

Summit's Dr. Albert Lee, Balint Peto, and I examined several economic scenarios based on Covid-19's impact on the economy, with special focus to its impact on the mortgage markets.

 

Many of Summit's clients are directly involved in lending and grant programs, and the disruption to the economy will be directly relevant to their existing and future portfolios. This opinion paper discusses different paths the recovery may take, explores detailed impacts on certain funding markets, and analyzes which outcome seems most likely.

Topics: Mortgage Finance, white paper, COVID-19

The implementation of Current Expected Credit Loss (CECL) in 2020 has been highly anticipated. The new accounting standard should make financial statements better reflect the underlying economics.

However, with a COVID-19 induced recession, there have been talks of delaying its enactment.

In this white paper, Summit Consulting summarizes the accounting elections and provides insights into how to manage accounting volatility due to an uncertain economic outlook.

Topics: white paper, COVID-19, CECL

Summit just released my newest white paper: Key Changes to USDA Credit Programs in the 2018 Farm Bill.

I highlight Farm Bill changes to loan programs that (among other impacts) make it easier for new farmers to buy farms, assist disadvantaged farmers in passing farms from generation to generation, and accelerate the deployment of broadband in rural America.

Topics: white paper, farm bill, USDA

Today, Summit Director Frank Vetrano released his newest white paper on credit risk transfers (CRTs) at the Federal Housing Administration (FHA). In the paper, “Will Risk Transfer Work at FHA?”, he answers key questions about CRTs.

Topics: FHA, credit risk transfer, white paper

This week, Summit released a new white paper focusing on how the federal government can better fund infrastructure programs.

Topics: federal credit, infrastructure, tax credit, white paper

This week, Summit released a new white paper on using analytics to combat discrimination in housing.

Topics: fair lending, Mortgage Finance, white paper

Topics: federal credit, white paper

Today, Summit released a new white paper on estimation designs used in program evaluation.

Topics: program evaluation, white paper

When times are good and delinquency rates are low, it's easy to ignore the tools at our disposal to help keep borrowers current on their mortgages and in their homes. 

Topics: housing counseling, HELOC, white paper