The third year of the pandemic brings with it questions of when normalization might occur in subprime auto lending and securitization. All eyes are on supply shortages, which have kept used vehicle prices in the stratosphere, and inflation, which could cause consumers financial distress. With these issues in mind, in a recent article in Structured Credit Investor, we compared Credit Chronometer’s...
Joseph Cioffi and Nicole Serratore's article "Same as Ever?" was published in Structured Credit Investor. Click here to view the full article.
In recent months, SEC Chair Gary Gensler has referred (on more than one occasion) to crypto as the “Wild West.” As cliché as that may sound, the shoe, or boot, seems to fit quite well. Similar to the aggressive expansion westward in the 1800s that shaped the nation, crypto is a magnet for exploratory investors (as evidenced by a growing total market value of over $3 trillion) and has an...
Joseph Cioffi and Nicole Serratore's blog post was republished as an Auto Remarketing article "COMMENTARY: Nearly year-end market review".
Delinquencies and losses should be the canary in the coal mine for performance trends, but they can also wag the dog, drawing attention away from looming issues. In subprime lending, borrowers could demonstrate the first indications of trouble for the economy at large, as economic issues tend to impact them first. Now, as auto loan forbearance programs and extended unemployment benefits and...
Student loan forgiveness efforts are stalled, federal agencies are attacking educational legal issues from a variety of angles, and coordinated action among agencies and attorneys general are expected to increase. With the Biden administration refocusing its efforts on regulatory oversight across various lending sectors, and recent stronger standards passed by the Department of Education (DOE) on...
The chances of success greatly improve when you start with a clear goal, set measurable standards, and execute on the plan. So it’s fair to say New York City has taken a big step toward a more sustainable future by finally moving forward with commercial Property Assessed Clean Energy (C-PACE) financing for energy efficient improvements and renewable energy systems in existing buildings in New...
