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Allonhill Blog

by Sue Allon

Bear Stearns » Tuesday, November 10, 2020
Bloomberg reported today that Ralph Cioffi and Matthew Tannin, former hedge fund managers for Bear Stearns, had been found not guilty of misleading investors in the funds they managed. Their investors lost $1.6 billion.
Business, Leadership, Reinventing mortgage due diligence
Lying to get a Loan » Tuesday, November 3, 2020
For about a year, the U.S. government has given qualified first-time homebuyers an $8,000 tax credit. The program ends at the end of November, and lawmakers are considering whether to extend it.
Credit risk management, Reinventing mortgage due diligence
Overhang » Wednesday, October 14, 2020
There's a new term being kicked around: "overhang," and it refers to the extremely large pipeline of foreclosed properties that's going to hit the market sometime. You've heard of taking a sip from a firehose. Now, picture standing in front of that hose, and its end has been clamped shut by foreclosure moratoriums, courts log-jammed with more foreclosures than they can process, and...
Business, Credit risk management, Loan modification
Bailing Out Banks » Monday, October 5, 2020
Business, Government programs
What’s In A Name? » Monday, September 21, 2020
One of the toughest challenges an entrepreneur faces early on is naming the business. It may sound easy. But let me tell you, it isn’t.
Business, Entrepreneurship
One Year Look Back » Wednesday, September 16, 2020
 This is the one-year anniversary of the failings that changed the mortgage meltdown to a market meltdown that led to economic crisis for the country.  Bear Stearns went out a year ago April, followed, unbelievably, by Freddie and Fannie, Lehman Brothers, and, almost, AIG.  There have been many reviews this past week about the factors that contributed to the meltdown, and much...
Business, Entrepreneurship, Reinventing mortgage due diligence