Joseph Cioffi contributes to Blueshift Research’s report featuring an in-depth look into subprime auto loans from a diverse range of industry perspectives, including, new and used car dealerships, repossessors and finance companies. Regarding the inevitable comparison to subprime mortgage lending, Joseph notes, “Large financial institutions were making large bets in that market. It was a...
Joseph Cioffi was quoted in an American Banker article, “Does Latest Surge in Past-Due Car Loans Mean Problem is Here to Stay?”
Joseph Cioffi contributes his insights to this American Banker article that provides perspectives from industry insiders regarding the trends affecting auto loan performance, including longer maturities on used auto loans. “Borrowers can get underwater very easily on a used car with a 7-year loan,” Joseph said. Click here to view the full article.
Joseph Cioffi co-authored a Davis & Gilbert Insolvency Alert titled “Claims Against Navient Echo Problems with Subprime Mortgage Loan Servicers.”
Joseph Cioffi co-authored a Davis & Gilbert Insolvency Alert titled “Recent Actions Against Navient May Expose Problems Contributing to the Student Loan Debt Crisis.”
Joseph Cioffi was quoted in a Structured Credit Investor article, “Heavy Burden: Student Loan Servicing Under the Spotlight.”
This Structured Credit Investor article highlights Joseph Cioffi’s impressions of the recent CFPB v. Navient case and how the spotlight on Navient may reveal systemic issues in student loan servicing, which could result in further litigation. As Joseph points out, “there is the issue down the line that we could see more lawsuits like the Navient one come to light and particularly servicers could...
