Joseph Cioffi was quoted in a SubPrime Auto Finance News article, "Study Highlights Subprime Resiliency during COVID-19."
As the economic crisis impairs the value of commercial mortgage-backed securities (CMBS) that collateralize loans to real estate investment trusts (REITs) to finance their investments, there is the prospect of increased margin calls, requiring REITs to provide additional funds to make up shortfalls in value. The case of AG MIT CMO, LLC et al. v. Royal Bank of Canada et al., No. 20-2547...
Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was mentioned in Asset-Backed Alert's "The Grapevine."
On Wednesday, June 24, the findings of Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was announced during a webinar titled, “Subprime Auto: Participants’ Expectations in a Time of Crisis, a 360-Degree Market Study.” The webinar was moderated by Joseph Cioffi and had featured speakers Ines Beato, Senior Vice President, US ABS - Global Structured...
Joseph Cioffi was quoted in a Structured Credit Investor article, "Subprime Auto Performance Eyed."
NEW YORK, June 24, 2020 – Auto market participants are expecting subprime auto loan performance to deteriorate, and many predict COVID-19 will have a long-term impact on the sector. However, participants also show signs of resiliency, according to the second annual market study released today by Davis & Gilbert LLP’s Credit Chronometer.
Joseph Cioffi was quoted in an Asset Securitization Report article, "Credit Chronometer: Auto ABS Market COVID-era Outlook Similar to Pre-pandemic."
