Joseph Cioffi was quoted in a SubPrime Auto Finance News article, "Study Details ‘Pessimism’ About Future Subprime Performance."
“There will be time, there will be time To prepare a face to meet the faces that you meet” - T.S. Eliot
NEW YORK, May 21, 2019 – Subprime auto loan performance is expected to deteriorate soon, according to a 360-degree market study released today by Credit Chronometer, a microsite authored by Joseph Cioffi, partner at Davis & Gilbert LLP and respected authority on credit markets.
Joseph Cioffi was quoted in a GlobalCapital article, "Market Anxiety Around Subprime Auto Sector Growing."
Joseph Cioffi was quoted in an Asset Securitization Report article, "Survey Indicates Growing Worries in Subprime Auto ABS Deterioration."
Sometimes, it’s what you can’t see that matters most. First, the bad news: after years of economic growth and generally good times, consumers’ credit scores may be inflated. Like 50 is the new 40, a prime score today may be the equivalent of a sub-prime score pre-financial crisis. If you believe a leopard doesn’t change its spots, a high credit score may be masking a borrower’s likelihood to...
This is part two of our interview with the executive team at CAR Financial Services, a subprime auto finance company with over 25 years of experience providing customized backup and successor servicing. In part one of our interview, we discussed the benefits of having a backup servicer in place before trouble starts.