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July 9, 2020

Equipment Leasing New Business Volume Down 26%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for May was $6.7 billion, down 26% year-over-year from new […]
July 9, 2020

The Calm Before the Storm of Bankruptcies

Though the numbers haven’t shown it yet, many are bracing for a spike in personal bankruptcies once coronavirus relief efforts and stay-at-home orders have been exhausted. […]
July 9, 2020

Bankers Fear Virus Surge Will Delay Economic Recovery

Bankers are beginning to worry that a surge in new coronavirus cases in states that were quick to reopen will make it tougher for the economy […]
July 9, 2020

Widespread Deferrals Raise Questions on Creditworthiness

Banks have pulled back sharply on lending to U.S. consumers during the coronavirus crisis. One reason: They can’t tell who is creditworthy anymore. Millions of Americans […]
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 […]
June 8, 2020

Economy Will Improve but Remain Distressed

Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment […]
June 8, 2020

The US Economy is in a Recession

Today, the National Bureau of Economic Research said the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about […]
June 8, 2020

Borrowers in Forbearance Begin to Decline

Black Knight, Inc. continues to monitor the impact of the COVID-19 pandemic on the U.S. mortgage market.  Black Knight tracks loan-level forbearance and performance data on […]