The Future Is Now: Default Study 2025

Focusing on three sectors that have been particularly active in defaults-higher education, continuing care retirement communities, and municipalities-this panel reviews current trends and lessons learned from recent experiences and predicts what future defaults will look like. It asks how today's trends in security features and covenant structures will affect tomorrow's defaults, what we have learned, and what we have yet to learn. Colleen Murphy is an attorney at Mintz Levin Cohn Ferris Glovsky and Popeo, P.C. David Fields is managing director at RBC Capital Markets, LLC. David Lemke is a partner at Waller Landsden Dortch & Davis, LLP. Kent John Chabotar is the founding partner at MPK&D Consultants. This article is based on the authors' discussions during the panel on "The Future Is Now: Default Study 2025" at the 35th Annual Conference of the National Federation of Municipal Analysts held in Coronado, California, May 29–June 1, 2018.