Structured Credit Investor, “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...

Read More

Navient Lawsuit and Parallels Student Loans/Subprime Mortgage Crisis

Joseph Cioffi was quoted in a ValueWalk article, “Navient Lawsuit and Parallels Student Loans/Subprime Mortgage Crisis.”

Read More

ValueWalk, “Navient Lawsuit and Parallels Student Loans/Subprime Mortgage Crisis”

Joseph Cioffi offers ValueWalk an in-depth look into the lawsuit against Navient, the largest student loan servicer. Joseph shares his thoughts on the similarities with the subprime mortgage crisis, growing sentiment in favor of student loan borrowers and the effect of the new presidential administration on the industry. Joseph states, “Prior to 2007, few, if any, knew how overburdened, outmanned...

Read More

Trouble with Green Energy PACE Loans

Joseph Cioffi was quoted in a ValueWalk article, “Trouble with Green Energy PACE Loans.”

Read More

ValueWalk, “Trouble With Green Energy PACE Loans”

In this ValueWalk article, Joseph Cioffi offers insight into concerns surrounding the Property Assessed Clean Energy program (PACE), including the adequacy of disclosures made at the time a PACE-funded project is sold to a homeowner as a means of financing energy efficient home improvements through a tax assessment on the property.

Read More

Tick, Tick, Tick for DOJ. With Time Running Out, Feds Ramp Up Mortgage Litigation

Joseph Cioffi was quoted in a Banking Exchange article, “Tick, Tick, Tick for DOJ. With Time Running Out, Feds Ramp Up Mortgage Litigation.”

Read More

Banking Exchange, “Tick, Tick, Tick for DOJ. With Time Running Out, Feds Ramp Up Mortgage Litigation”

This Banking Exchange article, prompted by the DOJ’s recent lawsuit against Barclays, discusses the longer statute of limitations available to the government, relative to private plaintiffs, to sue participants in the subprime mortgage securitization process. As Joseph states, for the immediate future “the 10-year statute of limitations remains an arrow in the government’s quiver.” Click here to...

Read More