Richard Cooperstein was a member of the "Measuring & Stress Testing MSR Volatility & Liquidity Risk: What Are The Challenges?" panel.

Discussion Points:

• Which scenarios are you stressing that aren’t regulatory-based?
• Attribution tools and result validation
• Cost of servicing and performing vs. delinquent mortgages
• Changing dynamics of house prices and interest rates
• How does home price impact returns?
• Back testing, data validation and consolidation
• Forecasting future business and market values
• Building an efficient, repeatable process?
• Picking your model and risk parameters
• Liquidity considerations
• Static vs. OAS models
• What rates of delinquency are you currently stress testing?