Quoted Emerging Markets

Is American Cannabis Still the Wild West?

May 17, 2022

Joseph Cioffi was quoted in a National Cannabis Industry Association community blog post “Is American Cannabis Still the Wild West?” Read the full post here.        

Publications Emerging Markets

Cannabis Financing Market Insights

May 09, 2022

Davis+Gilbert recently attended the Benzinga Cannabis Capital Conference, where the most significant and influential industry participants met to discuss the opportunities and challenges of funding growth in the cannabis industry. Joseph Cioffi moderated a discussion regarding the experience of Real Estate Investment Trusts (REITs) and the outlook for financing and regulations. This piece contains some key takeaways to help participants operate effectively in the space and plan for the future. ...

Publications

Reg F:  Finally Bright Line Rules Come to Debt Collection

Apr 27, 2022

Joseph Cioffi and Nicole Serratore recently discussed the CFPB’s new debt collection rules relating to communications between debt collectors and consumers, which gives greater control to consumers and reduces legal exposure for complying collectors. With the threat of an economic downturn and delinquencies rising across markets, compliance will become increasingly important, especially in subprime markets. [Read it here]

Auto Loans Quoted

Consumer Watchdog Fires Warning Shot to Lenders Over Abusive Auto Repos as Used-car Prices Soar

Feb 28, 2022

Joseph Cioffi was quoted in a MarketWatch article "Consumer Watchdog Fires Warning Shot to Lenders Over Abusive Auto Repos as Used-car Prices Soar".

Publications Emerging Markets

Fortune or Forfeiture: Real Estate Lending in the Cannabis Space

Feb 08, 2022

Joseph Cioffi, Massimo Giugliano and Christine DeVito discuss the risks real estate lenders face when working with cannabis-related businesses, in their Westlaw article entitled "Fortune or forfeiture: real estate lending in the cannabis space." From government forfeiture to anti-money laundering compliance, real estate lenders have options available to address the legal challenges in this rapidly growing field. 

Publications

Same as Ever?

Jan 18, 2022

Joseph Cioffi and Nicole Serratore's article "Same as Ever?" was published in Structured Credit Investor. Click here to view the full article. 

Publications

Commentary: Nearly year-end market review

Dec 08, 2021

Joseph Cioffi and Nicole Serratore's blog post was republished as an Auto Remarketing article "COMMENTARY: Nearly year-end market review".

Publications Emerging Markets

State Residency Rules Up in Smoke as Cannabis Industry Grows

Nov 05, 2021

State residency requirements for cannabis businesses are in jeopardy following some successful challenges on constitutional grounds.  As seen in Westlaw today, Joseph Cioffi, Nicole Serratore and Anna Pinna's article, “State residency rules up in smoke as cannabis industry grows,” discuss how courts have relied on the dormant Commerce Clause of the US Constitution to strike down certain ordinances and regulations.

Quoted

Rental car securitization enters climate change era with Hertz-Tesla deal

Nov 05, 2021

Joseph Cioffi was quoted in a GlobalCapital article "Rental car securitization enters climate change era with Hertz-Tesla deal".

Quoted

Securitization key to Hertz's near-fatal collapse and its resurrection

Oct 28, 2021

Joseph Cioffi was mentioned in a SCI article “Securitization key to Hertz's near-fatal collapse and its resurrection“.

Quoted

Many Americans Are Overpaying for Their Car Loans

Oct 27, 2021

Joseph Cioffi was mentioned in a Consumer Reports article “Many Americans Are Overpaying for Their Car Loans“.

Publications Emerging Markets

Cannabis Lender Eyes Securitization

Oct 22, 2021

Joseph Cioffi was quoted in a Commercial Mortgage Alert article regarding the hurdles of bringing cannabis-related securitizations to market.

Publications Emerging Markets

Regulatory Challenges to Cannabis Financing

Sep 30, 2021

The tensions between federal and state cannabis laws continue to persist. In this article, we identify the key federal legal issues for financial institutions and lenders when working with state-legal cannabis businesses.

Publications Emerging Markets

Top 5 Questions Regarding Cannabis Financing

Sep 29, 2021

We provide a quick snapshot of legal issues surrounding lending in the cannabis space, including state-federal regulatory hurdles and debt enforcement challenges for lenders, and business considerations for borrowers when preparing for a deal.

Publications Emerging Markets

Key Considerations for Cannabis Borrowers

Sep 28, 2021

Finding financing for state-legal cannabis businesses can be a challenge, but with the right preparation, cannabis business borrowers can put their best foot forward to present themselves to potential lenders. We highlight the key considerations borrowers should be ready to address.

Publications Emerging Markets

NY Debt Enforcement Alternatives for Cannabis Lenders

Sep 23, 2021

With cannabis being federally illegal, bankruptcy protection is not an option for cannabis-related businesses. In an effort to protect collateral and maximize recovery, cannabis lenders need to understand debt enforcement and liquidation options under state law, before entering into financing with borrowers. Learn more in this Law360 article authored by Joseph Cioffi, Seiji Newman and Christine DeVito.

Quoted

PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges

Sep 07, 2021

Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, "PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges," September 7, 2021

Publications

Can regulators pursue lenders for subprime auto defaults?

Aug 12, 2021

Joseph Cioffi and Nicole Serratore's article, “Can regulators pursue lenders for subprime auto defaults?,” was published in Westlaw Today. Click here to view the full article.

Quoted

3rd Annual 360 Degree Credit Chronometer Report with Joseph Cioffi, Partner at Davis+Gilbert

Jul 19, 2021

Joseph Cioffi was interviewed for an ValueWalk's Value Talks podcast episode, "3rd Annual 360 Degree Credit Chronometer Report with Joseph Cioffi, Partner at Davis + Gilbert," July 19, 2021

Quoted

Subprime securitizations with Davis+Gilbert partner Joseph Cioffi

Jun 29, 2021

Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, "Subprime securitizations with Davis+Gilbert partner Joseph Cioffi."

Quoted

'As good as it gets' — Hertz prints blockbuster ABS

Jun 24, 2021

Joseph Cioffi was quoted in a GlobalCapital article, "'As good as it gets' — Hertz prints blockbuster ABS.”

Publications

Biden Administration Signals Change in Direction for Subprime Auto Regulations

Jun 17, 2021

Joseph Cioffi and Nicole Serratore's article, “Biden Administration Signals Change in Direction for Subprime Auto Regulations,” was published in Westlaw Today. Click here to view the full article.

Press Releases

Subprime Auto ABS Thriving, But Regulatory Uncertainty Looms

Jun 17, 2021

NEW YORK, June 17, 2021 – Subprime auto market participants are expecting some deterioration in 2021 as concerns shift from the economic uncertainty brought about by the pandemic, to regulatory uncertainty ushered in with the new presidential administration. The potential for heightened regulatory scrutiny is weighing on market players, according to the third annual market study released today by Davis+Gilbert LLP’s Credit Chronometer. Authored by Davis+Gilbert partner Joseph Cioffi, the Credit ...

Quoted

End In Sight for Crisis-Era Case

May 28, 2021

Joseph Cioffi was quoted in an Asset-Backed Alert article, "End In Sight for Crisis-Era Case.”

Quoted

Chip Shortage, Virus Working in Favour of Auto ABS for Now

Apr 22, 2021

Joseph Cioffi was quoted in a GlobalCapital article, "Chip Shortage, Virus Working in Favour of Auto ABS for Now.”

Quoted

Credit Chronometer Update with Joe Cioffi of Davis+Gilbert

Apr 01, 2021

Joseph Cioffi was interviewed for a ConsumerFi podcast, "Credit Chronometer Update with Joe Cioffi of Davis+Gilbert."

Quoted

Canceled Student Loans May Be Boon for Bonds

Mar 19, 2021

Joseph Cioffi was quoted in a Bloomberg article, "Canceled Student Loans May Be Boon for Bonds.”

Quoted

Will Biden's CFPB Clamp Down on Subprime Auto Lenders?

Feb 24, 2021

Joseph Cioffi was quoted in an Asset Securitization Report article, "Will Biden's CFPB Clamp Down on Subprime Auto Lenders?”

Quoted

Weekly Wrap: Pessimism Mounts in Subprime Auto Outlook

Dec 18, 2020

Joseph Cioffi was quoted in Asset Securitization Report, "Weekly Wrap: Pessimism Mounts in Subprime Auto Outlook."

Publications

The Next Strain of Repo Litigation

Dec 04, 2020

Joseph Cioffi and Joel Melendez's article, “The Next Strain of Repo Litigation,” was published in The Real Estate Finance Journal. Click here to view the full article.

Quoted

Nortridge Launches Podcast Hosted by Current NAF Association President

Nov 04, 2020

Joseph Cioffi was mentioned in a SubPrime Auto Finance News article, "Nortridge Launches Podcast Hosted by Current NAF Association President."

Quoted

The Credit Chronometer with Joseph Cioffi

Oct 29, 2020

Joseph Cioffi was interviewed for a ConsumerFi podcast, "The Credit Chronometer with Joseph Cioffi."

Conferences

“Results of Subprime Auto Securitization Market Study,” 24th Annual Non-Prime Auto Financing Conference, November 16-20, 2020

Oct 27, 2020

On November 17, Joseph Cioffi, Davis & Gilbert Insolvency, Creditor’s Rights & Financial Products Chair, will moderate a panel titled “Results of Subprime Auto Securitization Market Study," at the 24th Annual Non-Prime  Auto Financing Conference being held virtually on November 16-20.   Panel Overview: Join us as we reveal the results of Credit Chronometer’s survey of subprime auto market participants in all areas of the securitization market – originators, investors, trustees, ...

Publications

Eyes on the Road Ahead: Going Back to the Market for the Latest Outlook

Oct 20, 2020

Joseph Cioffi’s article, “Eyes on the Road Ahead: Going Back to the Market for the Latest Outlook,” was published in Non-Prime Times, the official publication of the NAF Association. Click here to view the full article.

Quoted

Frontline Workers in Eye of Pandemic Storm for Months, Now Fending Off Repo Man

Oct 01, 2020

Joseph Cioffi was quoted in a MarketWatch article, "Frontline Workers in Eye of Pandemic Storm for Months, Now Fending Off Repo Man.”

Quoted

Pandemic to Have Long-Term Impact on US Subprime Auto Market, Says New Report from Davis & Gilbert

Sep 16, 2020

Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was mentioned in an Asset Finance International article "Pandemic to Have Long-Term Impact on US Subprime Auto Market, Says New Report from Davis & Gilbert."

Quoted

Hertz Nears Temporary Deal with ABS Creditors

Jul 22, 2020

Joseph Cioffi was quoted in a GlobalCapital article, "Hertz Nears Temporary Deal with ABS Creditors.”

Quoted

Seeking Clarity

Jul 16, 2020

Joseph Cioffi was quoted in a Structured Credit Investor article, "Seeking Clarity."

Quoted

Study Highlights Subprime Resiliency during COVID-19

Jun 29, 2020

Joseph Cioffi was quoted in a SubPrime Auto Finance News article, "Study Highlights Subprime Resiliency during COVID-19."

Quoted

The Grapevine

Jun 26, 2020

Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was mentioned in Asset-Backed Alert's "The Grapevine."

Quoted

Subprime Auto Performance Eyed

Jun 25, 2020

Joseph Cioffi was quoted in a Structured Credit Investor article, "Subprime Auto Performance Eyed."

Quoted

Credit Chronometer: Auto ABS Market COVID-era Outlook Similar to Pre-pandemic

Jun 24, 2020

Joseph Cioffi was quoted in an Asset Securitization Report article, "Credit Chronometer: Auto ABS Market COVID-era Outlook Similar to Pre-pandemic."

Quoted

Coronavirus COVID-19 Automotive News: Research, Rides & Growth

Jun 24, 2020

Credit Chronometer's second annual market study "Participants' Expectations in a Time of Crisis" was quoted in an AUTO Connected Car News article "Coronavirus COVID-19 Automotive News: Research, Rides & Growth."

Quoted

Shift in Consumer Behaviour Rewrites the Book on ABS Risk

Jun 18, 2020

Joseph Cioffi was quoted in a GlobalCapital article, "Shift in Consumer Behaviour Rewrites the Book on ABS Risk.”

Publications

Lessons Learned in RMBS Litigation Will Steer Sub-prime Auto Litigation

Jun 10, 2020

Joseph Cioffi’s article, “Lessons Learned in RMBS Litigation Will Steer Sub-prime Auto Litigation,” was published in Non-Prime Times, the official publication of the NAF Association. Click here to view the full article.

Quoted

Perfect Storm: Hertz Bankruptcy to Reshape Auto ABS?

Jun 09, 2020

Joseph Cioffi was quoted in a Structured Credit Investor article, "Perfect Storm: Hertz Bankruptcy to Reshape Auto ABS?”

Quoted

The Auto-Appocolypse Could Shove the U.S. Economy Off a Cliff

Jun 03, 2020

Joseph Cioffi was quoted in a CCN.com article, "The Auto-Appocolypse Could Shove the U.S. Economy Off a Cliff.” 

Publications

How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19

May 19, 2020

In his latest article published in Consumer Financial Services Law Report, Joseph Cioffi discusses how lessons learned in subprime RMBS litigation could be used in subprime auto litigation, if investors suffer losses. In “How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19,” Joseph addresses several misconceptions regarding subprime RMBS litigation of which subprime auto participants should be aware to set realistic expectations in any litigation. To read the ...

Quoted

Why America’s $1.3tn Car-Loan Market Cannot Avoid a Pile-Up

Apr 03, 2020

Joseph Cioffi was quoted in The Financial Times article, "Why America’s $1.3tn Car-Loan Market Cannot Avoid a Pile-Up." 

Quoted

April Cover: Containing Market Fallout in the ABS World

Apr 03, 2020

Joseph Cioffi was quoted in an Asset Securitization Report article, "April Cover: Containing Market Fallout in the ABS World."

Quoted

Testing Times: MPL Platforms Addressing Coronavirus Impact

Mar 27, 2020

Joseph Cioffi was interviewed by Structured Credit Investor, "Testing Times: MPL Platforms Addressing Coronavirus Impact." 

Quoted

Court Solution Seen for Libor Issue

Mar 20, 2020

Joseph Cioffi was quoted in an Asset-Backed Alert article, "Court Solution Seen for Libor Issue."

Quoted

Incomplete Fallbacks Attracting Opportunists

Mar 09, 2020

Joseph Cioffi was consulted for an Asset-Backed Alert update, "Incomplete Fallbacks Attracting Opportunists."

Quoted

GTE Financial's Auto-Loan Securitization Play Could Be a Game Changer

Feb 18, 2020

Joseph Cioffi was quoted in an Asset Securitization Report article, "GTE Financial's Auto-Loan Securitization Play Could Be a Game Changer."

Quoted

Test Drive: Trailblazing Auto-Loan Securitization Paves the Way for Credit Union ABS

Feb 17, 2020

Joseph Cioffi was quoted in an Asset Securitization Report article, "Test Drive: Trailblazing Auto-Loan Securitization Paves the Way for Credit Union ABS."

Conferences

AFSA Vehicle Finance Conference & Expo, February 12-14, 2020

Feb 07, 2020

Davis & Gilbert is proud to be a Premier Business Partner and exhibitor at the American Financial Services Association’s (AFSA) Vehicle Finance Conference & Expo in Las Vegas on February 12 – 14, 2020. Be sure to stop by our booth to meet Joseph Cioffi, and to learn more about Credit Chronometer and our Subprime Auto Loan Market Study. For more information or to register, please visit the conference website.

Quoted

Long Road Ahead: Climate Change Management in US RMBS Slow to Appear

Jan 23, 2020

Joseph Cioffi was quoted in the Structured Credit Investor article, “Long Road Ahead: Climate Change Management in US RMBS Slow to Appear.”

Quoted

The Other Subprime Debt Problem

Dec 12, 2019

Joseph Cioffi was interviewed for the WNYC Radio Morning Edition program, "The Other Subprime Debt Problem."

Quoted

Yield-Crazed Investors Pile Into US Subprime Car Loans

Nov 25, 2019

Joseph Cioffi was quoted in a Financial Times article, "Yield-Crazed Investors Pile Into US Subprime Car Loans."

Auto Loans Quoted

LISTEN: ValueWalk’s ValueTalks Podcast – “Joseph Cioffi – Participants' Expectations Point the Way to the Future of Subprime Auto”

Jul 19, 2019

Joseph Cioffi recently sat down with Raul Panganiban of ValueWalk, a site covering the latest financial news impacting hedge funds and asset managers with an emphasis on value investing, for their podcast “ValueTalks.” Joseph and Raul discussed the results of Credit Chronometer’s inaugural market study, Participants’ Expectations Point the Way to the Future of Subprime Auto, and in particular, Joseph’s views regarding the outlook of the market based on the anonymous survey results which backed ...

Auto Loans Quoted

LISTEN: Auto Remarketing Podcast - “Why Subprime ‘Pessimism’ Might be Merited”

Jul 11, 2019

Joseph Cioffi recently sat down with Nick Zulovich of SubPrime Auto Finance News for an episode of the Auto Remarketing Podcast. The interview took place at the National Auto Finance Association’s Non-Prime Auto Finance Conference in Plano, Texas, where expert presentations and conversations with insiders generally mirrored the results of the Credit Chronometer’s market study, Participants Expectations Point the Way to the Future of Subprime Auto. Adding to all of the great content shared at ...

Conferences

"How to Protect Against the Largest Category of Fraud for Lenders?" Non-Prime Auto Financing Conference, June 5-7, 2019

Jun 05, 2019

On June 7, Joseph Cioffi, Davis & Gilbert Insolvency, Creditor’s Rights & Financial Products Chair, will speak on a panel titled “How to Protect Against the Largest Category of Fraud for Lenders?” at the 23rd Annual Non-Prime Auto Financing Conference taking place in Plano, Texas on June 5-7. Panel Overview: The indirect Retail Installment Contract purchase model is inefficient. Dealers don’t always have adequate controls in place to manage the risk of fraud introduced by F&I ...

Quoted

New Rules

Jun 05, 2019

Joseph Cioffi was quoted in a SCI Magazine article, "New Rules."

Quoted

Auto Loan-Delinquency Rise Moderates as Banks Focus on Credit Quality

May 31, 2019

Joseph Cioffi was quoted in a S&P Global Market Intelligence article, "Auto Loan-Delinquency Rise Moderates as Banks Focus on Credit Quality."

Quoted

Study Details ‘Pessimism’ About Future Subprime Performance

May 29, 2019

Joseph Cioffi was quoted in a SubPrime Auto Finance News article, "Study Details ‘Pessimism’ About Future Subprime Performance."

Quoted

Market Anxiety Around Subprime Auto Sector Growing

May 22, 2019

Joseph Cioffi was quoted in a GlobalCapital article, "Market Anxiety Around Subprime Auto Sector Growing."

Quoted

Survey Indicates Growing Worries in Subprime Auto ABS Deterioration

May 22, 2019

Joseph Cioffi was quoted in an Asset Securitization Report article, "Survey Indicates Growing Worries in Subprime Auto ABS Deterioration." 

Quoted

Auto Lending Accelerates but Performance Weakening

Feb 13, 2019

Joseph Cioffi was quoted in a GlobalCapital article, “Auto Lending Accelerates but Performance Weakening.”

Quoted

Junior Demand: Credit Enhancement Concerns Raised

Feb 08, 2019

Joseph Cioffi was quoted in a Structured Credit Investor article, “Junior Demand: Credit Enhancement Concerns Raised,” February 8, 2019.

Quoted

Subprime Loans Set to Grow in Personal and Mortgage But to Fall in Auto

Jan 23, 2019

Joseph Cioffi contributed to a Blueshift Research report, “Subprime Loans Set to Grow in Personal and Mortgage But to Fall in Auto,” January 23, 2019.

Quoted

2019 Survival Guide: How Lenders Are Planning for the Year Ahead

Jan 04, 2019

Joseph Cioffi was quoted in an Auto Finance News article, “2019 Survival Guide: How Lenders Are Planning for the Year Ahead.”

Quoted

Risk Factors to Watch in 2019

Jan 02, 2019

Joseph Cioffi was quoted in an Auto Finance Excellence article, “Risk Factors to Watch in 2019.”

Quoted

Credit Enhancement Can’t Cure All Ills in Subprime Auto Market

Sep 06, 2018

Joseph Cioffi was quoted in an Asset Securitization Report article, “Credit Enhancement Can’t Cure All Ills in Subprime Auto Market.”

Quoted

Honor Finance’s ABS Downgrade Signals Market Contraction

Jul 30, 2018

Joseph Cioffi was quoted in an Auto Finance News article, “Honor Finance’s ABS Downgrade Signals Market Contraction.”

Quoted

Ballooning Losses at Honor Finance Spark KBRA Downgrade Warning

Jun 13, 2018

Joseph Cioffi was quoted in an Auto Finance News article, “Ballooning Losses at Honor Finance Spark KBRA Downgrade Warning.”

Quoted

Undisciplined Nonbank Subprime Auto Lenders Still at Risk

May 31, 2018

Joseph Cioffi contributed to a Blueshift Research report, “Undisciplined Nonbank Subprime Auto Lenders Still at Risk.”

Publications

Law360, “Federal Vs. State: The Fight To Regulate Student Loans”

Apr 18, 2018

Joseph Cioffi discusses the heavyweight fight brewing between federal and state authorities over whose rules should govern the servicing of student loans in his latest article published in Law360. In “Federal Vs. State: The Fight To Regulate Student Loans,” the authors note that the battle appears headed for the courts, where the outcome will likely depend upon judicial interpretation of the preemption doctrine.  To read the full article, click here.

Publications

Federal Vs. State: The Fight To Regulate Student Loans

Apr 10, 2018

Joseph Cioffi’s article, “Federal Vs. State: The Fight To Regulate Student Loans,” was published in Law360. Click here to view the full article.

Quoted

Lawyers Eye Student-Loan Servicers

Mar 16, 2018

Joseph Cioffi was quoted in an Asset-Backed Alert article, “Lawyers Eye Student-Loan Servicers.”

Quoted

Subprime Auto Bonds Caught in Vise of Rising Costs, Bad Loans

Mar 14, 2018

Joseph Cioffi was quoted in a Bloomberg article, “Subprime Auto Bonds Caught in Vise of Rising Costs, Bad Loans.” Click here to view the full article.

Quoted

5 Ways Mobility Will Change the Secondary Market

Feb 28, 2018

Joseph Cioffi was quoted in an Auto Finance News article, “5 Ways Mobility Will Change the Secondary Market.”

Quoted

HELOCs Poised For Comeback in 2018

Feb 26, 2018

Joseph Cioffi was quoted in a GlobalCapital article, “HELOCs Poised For Comeback in 2018.”

Quoted

Fed Sounds Alarm on Marketplace Lending

Nov 13, 2017

Joseph Cioffi was quoted in a GlobalCapital article, “Fed Sounds Alarm on Marketplace Lending.” Click here to view the full article.

Quoted

Pre-Emptive Lawsuits Envisaged

Nov 03, 2017

Joseph Cioffi was quoted in a Structured Credit Investor article, “Pre-Emptive Lawsuits Envisaged.” Click here to view the full article.

Quoted

Is Anyone Taking Consumer Credit Risk Seriously?

Oct 31, 2017

Joseph Cioffi was quoted in a GlobalCapital article, “Is Anyone Taking Consumer Credit Risk Seriously? Click here to view the full article.

Quoted

Legal Issues Weigh on Earnest Acquisiton

Oct 30, 2017

Joseph Cioffi was quoted in a Structured Creditor Investor article, “Legal Issues Weigh on Earnest Acquisition” Click here to view the full article.

Quoted

Davis & Gilbert Experts Find 4 Signs of Subprime Auto ABS Market Vulnerability

Oct 20, 2017

Joseph Cioffi was quoted in a SubPrime article, “Davis & Gilbert Experts Find 4 Signs of Subprime Auto ABS Market Vulnerability.” Click here to view the full article.

Quoted

Legal Challenges Tied to Subprime – Auto Bonds Are Possible: Wells Fargo

Oct 17, 2017

Joseph Cioffi was quoted in a Bloomberg Law article, “Legal Challenges Tied to Subprime – Auto Bonds Are Possible: Wells Fargo.”

Quoted

ABSolute Value: Legal Event Risk and Subprime Auto – Caution Warranted With Spreads at Multi-Year Tights

Oct 17, 2017

Credit Chronometer was featured in a Wells Fargo Securities – Consumer ABS Research article, “ABSolute Value: Legal Event Risk and Subprime Auto – Caution Warranted With Spreads at Multi-Year Tights.”

Quoted

Subprime Auto ABS Credit Enhancements Spark Debate

Oct 17, 2017

Joseph Cioffi was quoted in a GlobalCapital article, “Subprime Auto ABS Credit Enhancements Spark Debate.” Click here to view the full article.

Quoted

Lawyer Claims ABS Structures Show Signs of Weakness, Despite Ratings

Oct 12, 2017

Joseph Cioffi was quoted in an Auto Finance News article, “Lawyer Claims ABS Structures Show Signs of Weakness, Despite Ratings.” Click here to view the full article.

Quoted

Trustees Build Cases Against Auto Lenders

Oct 10, 2017

Joseph Cioffi was quoted in an Asset-Backed Alert article, “Trustees Build Cases Against Auto Lenders”. Click here to view the full article.

Press Releases

Closer Look at Credit Enhancements in Subprime Auto ABS Market Show Signs of Vulnerability – New “Credit Chronometer” to Analyze Developments Impacting Credit Markets.

Oct 10, 2017

New York, NY, October 10, 2017 – Davis & Gilbert partner Joseph Cioffi, a widely-respected authority on loan and securitization markets, has found that credit enhancements supporting subprime auto asset-backed securities (ABS) do not necessarily provide the same level of protection as credit enhancements supporting pre-financial crisis era subprime residential mortgage-backed securities (RMBS), leaving them more vulnerable to market shifts and shocks than many realize. These observations ...