Posts about "Auto Loans and ABS"

Structured Credit Investor | Skid Marks: Subprime Auto ABS Shows Sign of Pain

In the subprime auto ABS market, losses have begun to appear in certain deals and there are signs of a downturn for the first time since the 1990s. Joseph Cioffi was quoted multiple times in the Structured Credit Investor article, “Skid Marks: Subprime Auto ABS Shows Sign of Pain,” commenting on how the decline has impacted investors and the future for the subprime auto sector.

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Subprime Auto: Cracks in the Road Starting to Show

“The market is resilient” was the mantra throughout the pandemic. Now that the Federal Reserve is at an inflection point on interest rate hikes and the pause on student loan payments is set to end after three years of relief, “the market is vulnerable” may be a more appropriate refrain. In fact, the cracks have started to show, particularly in subprime auto ABS.

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Talking Compliance and Risk with Davis+Gilbert Partner Joseph Cioffi

Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, "Talking Compliance and Risk with Davis+Gilbert Partner Joseph Cioffi."

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Lightning Rod? Dealer Incentives Eyed in CAC Complaint

Joseph Cioffi was quoted in an SCI article, "Lightning Rod?," regarding the CFPB's suit against subprime auto lender, Credit Acceptance Corporation.

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Subprime Auto: Is the Tank Half Empty?

For the past two years, the subprime auto market has defied expectations, but 2023 is off to a cold start. Normalization is on the horizon, but when we will get there and what it will look like when we do, remains unclear. What is normal in this moment is to ask whether the performance data is a sign of deeper trouble. And if so, will the structural protections in auto ABS continue to protect...

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CFPB Lawsuit Seen as Warning Shot to Subprime Auto Lenders

Joseph Cioffi was quoted in an American Banker article "CFPB Lawsuit Seen as Warning Shot to Subprime Auto Lenders."

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Why Worries Over Subprime Auto Bonds Might Be Only Getting Started

Joseph Cioffi was quoted in a MarketWatch article, "Why Worries Over Subprime Auto Bonds Might Be Only Getting Started."

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