Uncategorized

October 1, 2020

Saldutti Law Group Welcomes New Attorney

Saldutti Law Group, a complete creditors’ rights and collection firm, is pleased to announce the addition of Michael J. Hagner, Esq. to the firm.  Michael joins […]
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 […]
October 1, 2020

Commercial Real Estate Sees Rise in Delinquencies, Defaults

Commercial real estate (CRE) loans in bank portfolios are showing stress related to the economic downturn and signs that some borrowers are already expecting to default […]
October 1, 2020

August New Business Volume Down 24%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for August was $7.0 billion, down 24% […]
October 1, 2020

Economic Conditions Concern Community Banks

Community banks entered a holding pattern in the initial months of the pandemic, reflecting an abrupt shift in concerns from liquidity and growth opportunities to deteriorating […]
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 […]
August 3, 2020

Banks Brace for Loan Defaults; Economic Pain Ahead

Some of the biggest U.S. banks are putting their money where their fear is. JPMorgan Chase, Citigroup and Wells Fargo are bracing for a deteriorating economic […]
August 3, 2020

Purchase Fraud Risk Ticks Up

Even as mortgage loan application defect risk returned to record-low levels in June driven by the refinance boom, fraud risk for purchases is perking up, First […]