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."
Tank: “How? Morpheus: “He is the one.” — The Matrix Last week, the Office of the Comptroller of the Currency (OCC) did its best to simplify the search for the one “true lender” in any transaction. Its proposed rule should provide clarity to lending partnerships between banks and third-party non-banks, such as marketplace lenders (MPL).
Is that a cliff or a bridge up ahead? There are positive signs and even slight improvement in some auto figures, but there’s still a looming question of what’s around the corner and whether further government support will be forthcoming. Things could go from stable to not in a New York minute. As we look for signs to the future, recent reports from S&P and KBRA give some indication of where we...
Joseph Cioffi was quoted in a GlobalCapital article, "Hertz Nears Temporary Deal with ABS Creditors.”
On Wednesday, July 15, Joseph Cioffi and Seiji Newman led a webinar titled "Subprime RMBS Serves as a Roadmap for Future Subprime Auto ABS Litigation" with featured speaker Todd Krell, Managing Director at CrossCheck Compliance. A full recording of the webinar can be found here.
Joseph Cioffi was quoted in a Structured Credit Investor article, "Seeking Clarity."
Credit Chronometer’s second annual market study, available here, has been giving industry participants a behind-the-scenes look at how originators, investors, servicers and trustees are viewing the effects of the pandemic on the subprime auto securitization market.
