Finance

March 23, 2020

A Message to Our Clients

We hope this note finds you and your families safe and healthy during this time of turmoil and uncertainty.  Throughout the world, society is taking unprecedented measures […]
March 16, 2020

Commercial/Multifamily Delinquencies Low Despite Mounting Fears

According to the Mortgage Bankers Association, any impact from the coronavirus outbreak on commercial and multifamily loan delinquencies won’t be known for some time.  If it […]
March 13, 2020

Banks Ready Disaster Plan in Wake of Coronavirus

Large US banks have begun testing crisis measures in case of a broader coronavirus outbreak that prevents staff from going to work, according to banking sources.  […]
March 12, 2020

Zombie Foreclosures Grow in First Quarter

According to Attom Data Solutions’ Q1 2020 Vacant Property and Zombie Foreclosure Report, over 1.52 million U.S. single-family homes and condos are vacant, representing 1.5% of […]
March 11, 2020

Consumer Lenders Fall Victim to Coronavirus Fears

It’s hard to believe that less than three weeks ago the S&P 500 closed at an all-time high.  This was largely due to the enduring strength […]
March 10, 2020

Consumer Sentiment Spikes in February Amid Health Concerns

U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus.  Consumer sentiment rose to 101.0 in February, nearly matching […]
March 9, 2020

Household Debt Tops $14 Trillion Reaching New Record

American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new […]
March 6, 2020

Coronavirus, Election Uncertainty May Impact New Vehicle Sales

TrueCar, Inc.’s data and analytics subsidiary, ALG, project total new vehicle sales will reach 1,373,516 units in February 2020, up 0.2% from a year ago when […]
March 5, 2020

Business Borrowing for Equipment Rises 28% in January

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for January was $9.2 billion, up 28% […]