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’s Credit Continue Reading
Non-Prime Times | Lessons Learned in RMBS Litigation Will Steer Sub-prime Auto Litigation
Beyond COVID-19’s impact on the public’s health and safety, massive unemployment and extreme economic uncertainty are causing a realignment of Americans’ financial priorities in ways that may shape the credit markets for years to come. This is especially true for those exposed to the most Continue Reading
Participants’ Expectations in a Time of Crisis (360° Market Study of Subprime Auto Participants)
Westlaw | How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19
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. Since then, we’ve shared the viewpoints of participants and analysts who have echoed reasons for concern and the Continue Reading
Consumer Financial Services Law Report | How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19
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. Since then, we’ve shared the viewpoints of participants and analysts who have echoed reasons for concern and the Continue Reading
Subprime Auto Securitization Participants Universally Believe Performance is Likely to Deteriorate, According to New Study by Credit Chronometer
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’ Continue Reading
Participants’ Expectations Point the Way to the Future of Subprime Auto (360° Market Study of Subprime Auto Participants)
Closer Look at Credit Enhancements in Subprime Auto ABS Market Show Signs of Vulnerability
New "Credit Chronometer" to Analyze Developments Impacting Credit Markets, including $100 Billion Auto Loan Securitization Market Davis+Gilbert partner Joseph Cioffi, a widely-respected authority on loan and securitization markets, has found that credit enhancements supporting subprime auto Continue Reading