Auto Loans

LISTEN: Center for Auto Finance Excellence’s “The Roadmap” Podcast – “How ABS Credit Enhancements Are Masking Subprime Risk”

Mar 05, 2018 | By JOSEPH CIOFFI

Joseph Cioffi recently sat down with William Hoffman, Associate Editor of Auto Finance News, for an episode of “The Roadmap,” a podcast from the Center for Auto Finance Excellence, a site dedicated to providing best practices for auto finance industry executives and investors. Joseph and William discussed trends apparent in recent subprime auto loan securitizations, and the outlook for the market going forward, including a close look at the interrelationships between credit enhancements, credit quality and credit ratings.

The discussion builds on Joseph’s thoughts first shared on a post on Credit Chronometer. Following the warnings in the post, several new issuances have been marked by higher credit enhancements, but also lower credit quality.

Listen to the full podcast here.