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.
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...
