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Allonhill Blog

by Sue Allon

A New Way Forward on Securitizations » Thursday, January 28, 2020
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, 2020
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, 2020
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, 2020
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, 2020
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
Job Seekers' Frustrations -- We Hear You! » Monday, November 23, 2020
Denver Post reporter Aldo Svaldi recently examined the frustrations felt on both sides of the hiring equation. Job seekers apply for positions and await answers that sometimes never come; and companies on the other end struggle to keep up with the flood of resumes arriving daily. We’ve felt it at Allonhill, and I know from hearing from many applicants that they have too.
Business, Internal