Recession

February 22, 2021

Lending Boom of Risky Corporate Debt

Investors’ near-insatiable demand for even the riskiest corporate debt is fueling a Wall Street lending boom, offering lifelines for struggling companies even as the coronavirus pandemic […]
February 19, 2021

A Potential Foreclosure Wave for 2021?

While analysts have expressed concern foreclosures could overwhelm servicers when forbearance ends, new data suggest that outcomes will be manageable in most areas. The foreclosure wave […]
February 19, 2021

Americans Left Banks Out of Borrowing Binge

Last year was a banner one for debt, but it didn’t look that way for big banks.  Large lenders saw their loan books shrink in 2020 […]
February 18, 2021

December New Business Volume Down 6%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for December was $12.1 billion, down 6% […]
February 10, 2021

Mortgage Delinquencies Fall but Jobs Growth Necessary

While the number of distressed mortgages declined to a pandemic low in November, sustainable improvement won’t be made until the job market grows. “Forbearance and loan […]
October 1, 2020

Small Business Activity Stagnant in August

In August, there were 23.7% fewer businesses open relative to January. This represents an increase in small business closures of 1.2%age points since July. A spike […]
September 10, 2020

Consumer Confidence Falls to 6-Year Low

The Conference Board Consumer Confidence Index fell to its lowest level since 2014 in August.  This is likely due to a combination of increased COVID-19 cases […]
September 10, 2020

Household Debt Falls for First Time Since 2014

After setting records in 23 consecutive quarters, total household debt fell in the second quarter for the first time since 2014 as shutdowns associated with the […]
June 8, 2020

Consumer Confidence is Shattered

Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]