Joseph Cioffi was quoted in The Financial Times article, "Why America’s $1.3tn Car-Loan Market Cannot Avoid a Pile-Up."
Joseph Cioffi was quoted in an Asset Securitization Report article, "April Cover: Containing Market Fallout in the ABS World."
It could be the trailer for a thrilling movie, but whether it turns out to be a horror flick or a mystery depends on what happens before December 2021. That’s when the financial community’s reliance on the London Interbank Offered Rate (LIBOR) is expected to be phased out. Proposals are on the table, but the prospect of litigation over LIBOR fallback provisions should prompt parties to promote...
With the fallout of the 2008 mortgage crisis fresh in our minds and still shaping the market and policy, the government and market participants have acted swiftly to step in and offer some immediate relief for borrowers, while keeping liquidity as high as possible.
There’s apparently nothing like a pandemic to get the federal government moving on issues surrounding student loans, the second largest segment of consumer debt behind mortgage loans. At this time, only borrowers under federal loans are seeing relief. Private lenders have not reported any sweeping plans, leaving individuals with private student loans to reach out to their servicers for help.
Joseph Cioffi was interviewed by Structured Credit Investor, "Testing Times: MPL Platforms Addressing Coronavirus Impact."
Distance – the space between – defines our present in so many respects, but that’s not what will lead to success in any market. We have distance from each other, distance from our normal life of just days ago and distance from a future without COVID-19. But that distance has underscored the interconnection of people and markets and their actions like nothing has before. Sure, we knew we were all...
