ABS Issuances, by the Numbers Nine ABS deals totaling $3 billion closed in Q2 2017, a 76% increase from Q2 2016. Q2 ABS issuances included approximately $2 billion in consumer (up 28% versus Q1 2017) and approximately $1 billion in student (down 5% versus Q1 2017). All deals were rated. Total ABS issuance is expected to be over $11 billion in 2017.
Originations and Issuances, by the Numbers $3.7 billion has been advanced to homeowners under residential Property Assessed Clean Energy (R-PACE). Additionally, nearly $500 million has been advanced for commercial PACE (C-PACE) projects. Although R-PACE currently accounts for just .03% of the $12.8 trillion in household debt, it is one of the fastest growing sources of consumer credit and...
Originations and Issuances, by the Numbers Student loan debt rose to $1.34 trillion in Q2 2017, up from $1.31 trillion at the end of 2016, and now accounts for 10.4% of the $12.8 trillion in total household debt.
Joseph Cioffi was quoted in an S&P Global Market Intelligence article, “Mortgage Settlements Surpass $158B, Lawsuits Could Persist for Years to Come.” Click here to view the full article.
Joseph Cioffi was quoted in an S&P Global Market Intelligence article, “Wells Fargo’s Latest Scandal Raises Specter of Board Removal.”
Joseph Cioffi was quoted in an Auto Finance News article, “6 Compliance Topics Lenders Need to Watch.”
Joseph Cioffi was quoted in an Inside the Consumer Financial Protection Bureau article, “Compliance Pros Fret Arbitration Rule Will Fuel Litigation.”
