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Frank Raiter Discusses Revenue Model For Rating Agencies

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Total Case Duration :

  • Date Added : 3/12/2009
  • Clip Duration : 2 min. 5 sec.

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Frank Raiter

  • Director, Luminent Mortgage Capital
  • male
  • Caucasian
  • 1951 (Age: 71 years old)
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • Video 1 of 18 in this Case
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Biography

Frank Raiter is a Director of Luminent Mortgage Capital. Luminent Mortgage Capital, Inc. a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. It also invests in residential mortgage loans.

For ten years until his retirement in 2005, he was a managing director of Standard & Poors and head of its mortgage backed securities ratings group.

Prior to joining S&P, Raiter was Chief Investment Officer and Treasurer of Caliburt Bank in Phoenix, Arizona. Before that he was the Assistant Director Office of Securities Transactions at the Resolution Trust Corporation where he was involved in the structuring and sale of residential and commercial mortgage backed securities. In 2006 and 2007 he taught courses in investment and finance at the College of Business at James Madison University.

In the Fall of 2008, Mr. Raiter testified before Congress on the role of the credit rating agencies in the current financial crisis.Frank Raiter earned a BA in Economics, with honors, from North Carolina State University and an MBA in Finance from the University of North Carolina.

The revenue model today is the ratings are paid for by the client that is soliciting the rating. In mortgage backed, if Countrywide wanted to have a pool of mortgages issued as a bond and rated, they would bring the pool to Standard & Poors, Moody's, and Fitch, and they could get each of those com...(Full transcript available to logged in subscribers.).

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Frank Raiter videos

Video 1 of 18 Frank Raiter Discusses Leadership Skills Learned From Marine Corps
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 42 sec.
Video 2 of 18 Frank Raiter Discusses Transition From Military-Style Management To Corporate-Style Management
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 59 sec.
Video 3 of 18 Frank Raiter Shares Early Professional Experience In Banking
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 3 min. 10 sec.
Video 4 of 18 Frank Raiter Discusses Entry and Experience at Standard & Poor's
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 3 min. 56 sec.
Video 5 of 18 Frank Raiter Discusses Product Rating System
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 10 sec.
Video 6 of 18 Frank Raiter Explains Role Of Rating Is To Document Risk Level of Asset
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 18 sec.
Video 7 of 18 Frank Raiter Discusses Revenue Model For Rating Agencies
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 2 min. 5 sec.
Video 8 of 18 Frank Raiter Discusses Rapid Growth Rates In Mortgages
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 41 sec.
Video 9 of 18 Frank Raiter Discusses Issues With Outdated Rating Model
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 2 min. 34 sec.
Video 10 of 18 Frank Raiter Explains Reasons Leading To The Boom In Mortgage Backed Securities
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 0 min. 51 sec.
Video 11 of 18 Frank Raiter Discusses Impact That Desire For Revenue Had On Ratings Companies
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 4 min. 4 sec.
Video 12 of 18 Frank Raiter Discusses Problems In Management At Ratings Companies
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 3 min. 7 sec.
Video 13 of 18 Frank Raiter Discusses Lack Of Incentive To Speak Out
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 0 min. 54 sec.
Video 14 of 18 Frank Raiter Discusses Alternate Models Of Compensation
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 25 sec.
Video 15 of 18 Frank Raiter Explains Difference Between Modeling And Rating
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 3 min. 7 sec.
Video 16 of 18 Frank Raiter Discusses Lack Of Accountability In Current Ratings System
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 0 min. 56 sec.
Video 17 of 18 Frank Raiter Offers Recommendation To Students Looking At Going Into Finance
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 25 sec.
Video 18 of 18 Frank Raiter Discusses Opposition To Government Role In Managing Financial Institutions
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
  • Frank Raiter
  • 1 min. 10 sec.

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  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
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Frank Raiter Discusses Revenue Model For Rating Agencies
  • Frank Raiter - Interview - Ratings Agencies and The Subprime Mortgage Crisis
  • 3/12/2009
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  • 2 min. 5 sec.