Move over mortgages – there’s a new kind of real estate that could benefit from a new type of funding. As higher interest rates and rising prices are making affordable housing a challenge in many markets, cities can fight the problem with a small-scale solution – accessory dwelling units (ADUs).
Bright, shiny objects are hard to resist. Like the glowing orb cast by the anglerfish – the last thing its prey sees before the deadly bite – subprime lending is back with the potential for profits shining like a beacon. There are several ways for lenders and investors to grab a piece of the action, but are the latest moves tempting a fate similar to 2007?
It’s been said that a war doesn’t determine who is right, but rather, who is left.
It’s back to school time, and there’s so much noise about a student loan crisis that there’s a need to corral all the noisemakers and to gain an understanding of what’s actually going on. Sister Mary Elephant had the right idea when she scolded her classroom to be quiet some 40 years ago.
Joseph Cioffi was quoted in an Asset Securitization Report article, “Credit Enhancement Can’t Cure All Ills in Subprime Auto Market.”
There’s a caution flag out for subprime auto loan securitizations.
Joseph Cioffi was quoted in an Auto Finance News article, “Honor Finance’s ABS Downgrade Signals Market Contraction.”
