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Allonhill Blog

Sue Allon, CEO of Allonhillby Sue Allon

Loan Repurchase Requests a Reality for Foreseeable Future » Friday, March 5, 2010
TheStreet's Laura Kulikowski this week examined the rising tide of mortgage repurchases (also called put-backs) in one of the best reports on the issue I’ve seen to date.
Loan Repurchases, Securitization
A New Way Forward on Securitizations » Thursday, January 28, 2010
For months we have worked with ratings agencies, investors, broker/dealers, servicers and other industry participants to design a new approach to third-party reviews of securitizations that meets today’s market demands.
Leadership, Securitization
The Myth of the Disposable Worker » Tuesday, January 19, 2010
Bloomberg Businessweek reporters Peter Coy, Michelle Conlin and Moira Herbst this month took an in-depth look into the recent phenomenon in American business of hiring temporary, or contract, workers. The piece, which ran with the headline “The Disposable Worker,” touched on many themes that are familiar to us at Allonhill.
Business, Management
American Securitization Forum’s New RMBS Rep and Warrant Guidelines » Monday, January 11, 2010
The American Securitization Forum’s Project Restart team released new guidelines for RMBS reps and warranties on December 15. These guidelines are perfectly in line with what the industry needs to adopt. The suggested reps and warranties address fraud on a level never heard of before. The subordinate investor was always known as the “fraud investor,” and a specific fraud rep was a rare thing.
Credit risk management, Secondary market, Securitization
The Irony of Credit Reporting » Monday, January 4, 2010
In today’s New York Times, there is a lengthy piece by Peter S. Goodman about the failures of the Obama administration’s Making Home Affordable program. 
Government programs, Loan modification
NINJA Mods » Wednesday, November 25, 2009
If they weren’t the root cause of the subprime mortgage crisis, NINJA loans certainly fueled the flames. NINJAs are No Income, No Job, no Asset loans. As the names imply, these loans were given to people based on income they claimed to make with no requirement that borrowers back up their assertions with pay stubs or tax returns. A credit score was often enough documentation to get a borrower...
Credit risk management, Loan modification, Reinventing mortgage due diligence
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