Posts about "Auto Loans and ABS (11)"

How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19

In his latest article published in Consumer Financial Services Law Report, Joseph Cioffi discusses how lessons learned in subprime RMBS litigation could be used in subprime auto litigation, if investors suffer losses. In “How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19,” Joseph addresses several misconceptions regarding subprime RMBS litigation of which...

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How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19

“Madness . . . is like gravity, all it takes is a little push.” - The Joker, The Dark Knight, 2008 As our readers know, as far back as 2017, we sounded the alarm on the parallels between pre-crisis residential-mortgage backed securities (RMBS) and today’s subprime auto ABS.

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Time to Buckle Up: The State of Subprime Auto Risks

2019 seems far behind in the rear mirror. Way back then, in our 2019 year-end review, we warned that an economic downturn could cause latent market risks to be seen more clearly. Higher delinquencies and longer terms were among the trends that were intensifying beneath the surface, causing cracks to form on the road ahead. With that as a backdrop, we conducted our second annual subprime auto...

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Why America’s $1.3tn Car-Loan Market Cannot Avoid a Pile-Up

Joseph Cioffi was quoted in The Financial Times article, "Why America’s $1.3tn Car-Loan Market Cannot Avoid a Pile-Up."

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April Cover: Containing Market Fallout in the ABS World

Joseph Cioffi was quoted in an Asset Securitization Report article, "April Cover: Containing Market Fallout in the ABS World."

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Market Insights in a Time of Crisis

Distance – the space between – defines our present in so many respects, but that’s not what will lead to success in any market. We have distance from each other, distance from our normal life of just days ago and distance from a future without COVID-19. But that distance has underscored the interconnection of people and markets and their actions like nothing has before. Sure, we knew we were all...

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Subprime Auto: There’s No "There" There, Is There?

As history bears out, "honest disagreement is often a good sign of progress." We’ll take it as a positive sign then that, when taking the pulse of the subprime auto market lately, the discourse surrounding risk levels is becoming more fact-based than we’ve seen in the past.

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