Webinar Replay > Subprime Auto: Reflections on 2021 and Expectations for 2022
Feb 01, 2022 | By Credit ChronometerOn Thursday, January 27, Joseph Cioffi moderated a webinar titled “Subprime Auto: Reflections on 2021 and Expectations for 2022,” with a panel of industry professionals including Ines Beato, Senior Vice President, US ABS - Global Structured Finance at DBRS Morningstar, Sean Morgan, Senior Vice President of Finance at Westlake Financial Services and Clayton Triick, Senior Portfolio Manager, Angel Oak Capital Advisors. The panelists delved into borrower payment behavior, vehicle pricing, and deal ...
Read moreNormalization Could Be Around the Corner for Subprime Auto
Jan 19, 2022 | By JOSEPH CIOFFIThe third year of the pandemic brings with it questions of when normalization might occur in subprime auto lending and securitization. All eyes are on supply shortages, which have kept used vehicle prices in the stratosphere, and inflation, which could cause consumers financial distress. With these issues in mind, in a recent article in Structured Credit Investor, we compared Credit Chronometer’s 2021 survey responses regarding market expectations with the actual year-end results and made ...
Read moreSubprime Auto: Participants’ Expectations Moving on From 2020
Jun 17, 2021 | By Credit Chronometer360° Market Study of Subprime Auto Participants COVID-19 . . . It was expected to create turmoil in the credit markets and especially decimate subprime lending, which serves the most economically vulnerable consumers... View the full report here.
Read moreWebinar Replay > Subprime RMBS Serves as a Roadmap for Future Subprime Auto ABS Litigation
Jul 16, 2020 | By Credit ChronometerOn Wednesday, July 15, Joseph Cioffi and Seiji Newman led a webinar titled "Subprime RMBS Serves as a Roadmap for Future Subprime Auto ABS Litigation" with featured speaker Todd Krell, Managing Director at CrossCheck Compliance. A full recording of the webinar can be found here.
Read moreWebinar Replay > Subprime Auto: Participants’ Expectations in a Time of Crisis
Jun 25, 2020 | By Credit ChronometerOn Wednesday, June 24, the findings of Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was announced during a webinar titled, “Subprime Auto: Participants’ Expectations in a Time of Crisis, a 360-Degree Market Study.” The webinar was moderated by Joseph Cioffi and had featured speakers Ines Beato, Senior Vice President, US ABS - Global Structured Finance at DBRS Morningstar and Sean Morgan, Vice President of Finance at Westlake Financial ...
Read moreCOVID-19 Expected to Have Long-Term Impact on Subprime Auto
Jun 24, 2020 | By Credit ChronometerNEW YORK, June 24, 2020 – Auto market participants are expecting subprime auto loan performance to deteriorate, and many predict COVID-19 will have a long-term impact on the sector. However, participants also show signs of resiliency, according to the second annual market study released today by Davis & Gilbert LLP’s Credit Chronometer. Authored by Davis & Gilbert LLP partner Joseph Cioffi, the Credit Chronometer report, Participants' Expectations in a Time of Crisis, summarizes the ...
Read moreSubprime RMBS Serves as a Roadmap for Future Subprime Auto ABS Litigation
Jun 16, 2020 | By Credit ChronometerOn Wednesday, July 15, 2020, the Davis & Gilbert Insolvency, Creditors' Rights & Financial Products practice group and authors of Credit Chronometer will be presenting a webinar focused on the subprime auto market. Industry players — originators, investors, servicers, trustees and their advisors — will especially find topics discussed of interest. Overview Record unemployment could drive the market toward litigation, mirroring the battles over loss allocations related to pre-financial ...
Read more“Subprime Auto: Participants’ Expectations in a Time of Crisis, a 360-Degree Market Study”
Jun 12, 2020 | By Credit ChronometerOn Wednesday, June 24, 2020, the Davis & Gilbert Insolvency, Creditors' Rights & Financial Products practice group and authors of Credit Chronometer will be presenting a webinar focused on the subprime auto market. Industry players — originators, investors, servicers, trustees and their advisors — will especially find topics discussed of interest. Overview Historically, the vulnerability of subprime borrowers to economic shock has been subprime auto participants’ biggest fear. Now that ...
Read moreSubprime Auto Securitization Participants Universally Believe Performance is Likely to Deteriorate, According to New Study by Credit Chronometer
May 27, 2019 | By Credit ChronometerNEW 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. The report, Participants’ Expectations Point the Way to the Future of Subprime Auto, summarizes the results of an anonymous study of nearly 100 originators, investors, servicers, trustees and other securitization ...
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