Financial services firm Radian Group has hired Clifford Rossi to be its chief economist and senior vice president.
Rossi, who also used to author a column for ASR's sister publication American Banker, will be responsible for providing forecasts and quantitative analysis for mortgage and housing markets. Most of Radian's income comes from mortgage insurance.
Rossi also serves as executive-in-residence and professor of the practice at the University of Maryland's Robert H. Smith School of Business and most recently was Citigroup's chief risk officer for consumer lending.
He has also held risk analysis positions at Fannie Mae and Freddie Mac. Rossi also holds a Ph.D. from Cornell University.
"We are delighted to have someone of Cliff's caliber and depth of experience for this role," S.A. Ibrahim, chief executive officer of Philadelphia-based Radian Group Inc., said in a press release.