It could be the trailer for a thrilling movie, but whether it turns out to be a horror flick or a mystery depends on what happens before December 2021. That’s when the financial community’s reliance on the London Interbank Offered Rate (LIBOR) is expected to be phased out. Proposals are on the table, but the prospect of litigation over LIBOR fallback provisions should prompt parties to promote...
With the fallout of the 2008 mortgage crisis fresh in our minds and still shaping the market and policy, the government and market participants have acted swiftly to step in and offer some immediate relief for borrowers, while keeping liquidity as high as possible.
There’s apparently nothing like a pandemic to get the federal government moving on issues surrounding student loans, the second largest segment of consumer debt behind mortgage loans. At this time, only borrowers under federal loans are seeing relief. Private lenders have not reported any sweeping plans, leaving individuals with private student loans to reach out to their servicers for help.
Distance – the space between – defines our present in so many respects, but that’s not what will lead to success in any market. We have distance from each other, distance from our normal life of just days ago and distance from a future without COVID-19. But that distance has underscored the interconnection of people and markets and their actions like nothing has before. Sure, we knew we were all...
As history bears out, "honest disagreement is often a good sign of progress." We’ll take it as a positive sign then that, when taking the pulse of the subprime auto market lately, the discourse surrounding risk levels is becoming more fact-based than we’ve seen in the past.
It’s only fitting that privacy can be a hidden issue.
Recent reports of Australian investors "facing tough questions" over their failure to back climate change resolutions in 2019 highlights increased scrutiny surrounding corporations’ policies on climate change, especially amidst the devastating wildfires that swept through the country earlier this year. The same questions are now being asked globally of borrowers by lenders and investors about...
