College students – prepare to be educated on a new case of Hobson’s choice, a term typically used to describe situations where there appears to be a choice available, but in reality, there is no choice at all. It’s named after a stable owner in England who rented out horses, but would only offer customers the horse nearest the stable door. But this time around, the concept is reflected in a...
Joseph Cioffi was quoted in a Bloomberg article, “Subprime Auto Bonds Caught in Vise of Rising Costs, Bad Loans.”
New Tech, New Risks There are always risks to forging a new path. When it comes to electric vehicles (EVs) like the Model S and Model X that back Tesla’s latest deal, there are peculiar risks beyond those that normally accompany auto asset-backed securities (ABS). Given a lack of historical data, there is the risk of uncertain residual or resale values, and moreover, the potential for those...
Joseph Cioffi recently sat down with William Hoffman, Associate Editor of Auto Finance News, for an episode of “The Roadmap,” a podcast from the Center for Auto Finance Excellence, a site dedicated to providing best practices for auto finance industry executives and investors. Joseph and William discussed trends apparent in recent subprime auto loan securitizations, and the outlook for the market...
Joseph Cioffi was quoted in an Auto Finance News article, “5 Ways Mobility Will Change the Secondary Market.”
Joseph Cioffi was quoted in a GlobalCapital article, “HELOCs Poised For Comeback in 2018.”
For all the talk about Dreamers in the national immigration debate, a recent research paper positing the positive effect of erasing the nation’s $1.3 trillion student debt burden has given the term new meaning. If someone could wave a magic wand and make student loan debt disappear, we would hear the collective cheers of student borrowers all the way to the moon. But rather than treat such an act...
