Case Studies

Risk Management Analysis Services for the Office of Hospital Facilities at HUD

Challenge: The U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Office of Hospital Facilities (OHF) insures mortgages on acute care hospitals. OHF is comprised of two divisions that support underwriting and asset management of ...

Refining Public Housing Utility Estimates for HUD

Challenge: The U.S. Department of Housing and Urban Development (HUD) Utility Allowance Model (UAM) estimates utility usage for families in select HUD rental assistance and housing programs. The model uses an algorithm to estimate the expected utility usage for a tenant ...

Standardizing Performance Metrics for the HUD Grants Management Office

Challenge: Historically, the U.S. Department of Housing and Urban Development’s (HUD’s) discretionary grant programs have been authorized independently to meet particular needs, and these programs established their reporting requirements and related definitions ...

Litigation involving Mortgage Securitization and Underwriting

Summit is serving as a consulting expert in a series of lawsuits involving identifying defective underwriting of mortgage-backed securities and estimating the extent of these defects. These litigation matters include econometric modeling (including regression analysis), simulation models, ...

Evaluation of the Mutual Mortgage Insurance (MMI) Fund for the Federal Housing Administration (FHA)

Challenge: The Federal Housing Administration (FHA) is a government agency providing mortgage insurance coverage to single-family homebuyers through the Mutual Mortgage Insurance (MMI) Fund, financed through the insurance premiums FHA collects on its insured loans. Effective in ...

Establishing the Bond Guarantee Program for the CDFI Fund at the U.S. Department of the Treasury

Challenge: The Bond Guarantee Program (BG Program) was created under the Small Business Jobs Act of 2010 and is administered by the Community Development Financial Institution (CDFI) Fund within the U.S. Department of the Treasury. The BG Program provides ...

Due Diligence Underwriting for the Office of Healthcare Programs at HUD

Challenge: The U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Office of Healthcare Programs (OHP) insures mortgages on residential healthcare facilities, including nursing homes, assisted living facilities, and ...

Statistical Support to the Fair Housing and Equal Opportunity’s Office of Systemic Investigations at HUD

Challenge: The Fair Housing and Equal Opportunity’s Office of Systemic Investigations at the U.S. Department of Housing and Urban Development (HUD) is charged with identifying lenders, servicers, and/or brokers in residential real estate transactions that ...

Loss Reserve Forecasting and Risk Management at the National Credit Union Administration

Challenge: The National Credit Union Administration (NCUA) faces potential losses when an insured credit union (CU) fails, and the National Credit Union Share Insurance Fund (NCUSIF) is a contingent liability account administered by the NCUA for insurance losses ...

Forecasting at the USDA’s Foreign Agricultural Service

Challenge: Per a World Trade Organization dispute settlement case, the Foreign Agricultural Service (FAS) at the U.S. Department of Agriculture (USDA) is required to make several changes to its General Sales Manager 102 (GSM-102) Loan Guarantee Program, ...