Posts Tagged ‘assets’

PNC Has the Edge in Bank Customer Satisfaction

Posted on October 12, 2017 by Laura Lam

National retail banks have invested heavily in digital transformation and marketing initiatives designed to position themselves as the best one-stop shops for all consumer banking, credit card, loan and investment needs. When it comes to real-world customer satisfaction, though, the biggest drivers of success are low problem incidence and consistency across all lines of bank business, according to the inaugural J.D. Power 2017 National Bank Satisfaction Study. In the complex field of competition among the nation’s biggest banks, Pittsburgh-based PNC just edged out New York behemoth Chase Bank – the nation’s largest bank with more than $2 trillion in assets…

Leasing Delinquencies Remain at Historic Lows

Posted on October 11, 2017 by Laura Lam

Recent statistics from the Federal Reserve validate what leasing professionals have understood about their industry for years. The data reach back to the first quarter of 1985 and underscore the fact that, when it comes to delinquencies and charge-offs, equipment leasing remains one of the best performing sectors under the broader umbrella of commercial finance. According to Bob Rinaldi, CEO of Commercial Industrial Finance, Inc., the most recent data on charge-offs and delinquencies offer no surprises. Rinaldi stated, “There’s nothing in this data that should alarm anyone in the industry…the data points are exactly where they should be. Everything here…

Commercial Mortgage Delinquencies Begin to Rise Again

Posted on October 12, 2016 by Laura Lam

Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.  The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.78%, an increase of 10 basis points from August. The September jump represents the 6th time in the last 7 months that the rate has increased after falling to a multiyear low of 4.15% in February. The rate is 50 basis points lower than the year-ago level and 39 basis points lower since the beginning of the year.  The all-time high was 10.34% in July 2012….

Commercial Mortgage Delinquencies Jump in June

Posted on August 02, 2016 by Laura Lam

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.  It was the fourth straight month that the rate has crept higher following two large decreases in January and February.  The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.6%, an increase of 25 basis points from May, according to Trepp. The rate is still 85 basis points lower than it was a year earlier and 57 basis points lower than it was at the beginning of this year.  The delinquency rate reached its multiyear…

Invitations to an IRS Audit

Posted on January 18, 2011 by Saldutti

It’s that time of year … Tax Season is upon us.  If you aren’t thinking about a tax audit, maybe you should be. They can be a nightmare even if you’re completely honest.  Thanks to the staggering federal deficit, the IRS is trying to close the $300 billion gap between what Americans pay in taxes and what the government thinks we should have paid. You aren’t paranoid if someone is really out get you, as the saying goes, and the IRS is out to get you. But even if you aren’t wealthy, don’t operate a cash business, and you don’t…

Perfect Credit Score – Myth or Legend?

Posted on October 19, 2010 by Saldutti

Unlike Santa Claus, the Easter Bunny and the Fountain of Youth, a perfect credit score is actually not a myth.  According to FICO, the company that designed our current credit model, these overachievers do exist.  Craig Watts, senior PR manager for FICO, says that while most people score in the middle-to-low 700s on their credit scale, less than 1% of the U.S. population (about 1 million people) do, in fact, net a full score of 850.  These rare individuals “tend to be more conservative and a little older” Watts explains.  To reward their financial expertise, these credit elite are treated…