Small business lending picks up
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September 2013
This document provides an economic update for the 7 Rivers region including indicators such as consumer sentiment, home prices, unemployment rates, GDP changes in various countries since 2008, and Federal Reserve policies and debt purchases. It discusses measures of consumer sentiment in the 7 Rivers region compared to national averages. Graphs show increases in case-shiller home price indices for Phoenix, Minneapolis and the 7 Rivers region from 1998 to 2013, as well as decreases in unemployment rates from 2000 to 2012 in La Crosse, Wisconsin, and the United States. The document also addresses the Federal Reserve's performance and challenges, communication policies, quantitative easing programs, and questions and answers from a talk given by the President of the Federal Reserve Bank of Minneapolis.
St. Louis Chart of the Week
Missouri had the largest increase in new business formation in the US at 16.7%, well above the second highest state of Kentucky at 6.1%, according to recent Census data. Only 11 states saw annual gains in new business growth, while West Virginia and Vermont had the largest percentage losses. Small businesses are important job creators for any economy as they tend to be net job generators compared to larger, more mature companies.
IMN - 2-11-15_A
The document discusses several topics related to banking and financial regulation:
1) Bradley Leimer of Santander Bank predicts major changes to the banking business model as fees and interchange revenues decline.
2) The CFPB has grown significantly since its creation in 2011, with over 1,400 employees currently.
3) Obama is requesting budget increases for the SEC and CFTC to further enforce Dodd-Frank regulations, setting up debates with Republicans who want to revise the law.
MON MarApr 2016 _ Menzel Funding Source
Paul Menzel, president and CEO of Financial Pacific Leasing, sees modest growth in equipment finance deal flow in 2016 driven by growth in direct middle-market and vendor origination channels. However, liquidity in the industry is tightening which will lead to consolidation among independent finance companies with less access to funding. While credit quality remains solid, delinquencies and losses are expected to rise slightly from historic lows as the economic environment softens. Overall, regulatory scrutiny from the CFPB is increasing for the industry and will require all lenders including independent brokers to improve record keeping and compliance.
No Bubble
While home prices have increased 12% year-over-year in 2013, the fastest rate since 2006, prices remain below the peak levels seen during the housing bubble and are still undervalued compared to historic norms. Mortgage rates remain low but access to credit has tightened significantly compared to the bubble years, with average borrower credit scores much higher now. Some experts are concerned about the rise in home flipping but others note that investors are putting more of their own money at risk this time rather than relying on easy credit. Overall most data suggests that while the housing recovery is gaining momentum, conditions do not yet point to a new bubble forming across the market.
Macroresearch
The document discusses how the US economic growth of the last decade was fueled by consumer spending and easy credit access, but these conditions have now changed in ways that make a return to "normal" unlikely. It argues that earnings and GDP growth depended on factors like monetary policy, asset inflation, and consumer leverage that are no longer applicable. It questions where future earnings, buying power, and credit will come from to support previous levels of economic activity and asset prices.
Real Estate Expansion
- Real estate industry leaders remain optimistic about continued growth in 2017 according to a KPMG survey, despite expectations that the long real estate expansion cycle cannot last forever.
- Survey respondents point to a strong U.S. economy, readily available financing, and improving real estate fundamentals as reasons for their bullish outlook. However, uncertainties around a new presidential administration, rising interest rates, and regulatory changes present some risks.
- While industry leaders do not believe the current cycle will end in 2017, the real estate market will need to manage growing complexity and potential challenges from factors like tax reform and cybersecurity threats.
Save the Newspapers
This document discusses the challenges facing newspapers as readers increasingly get their news online rather than through print publications. It notes that newspapers have seen declines in revenue from classified ads and local business advertising as those have moved online. While online audiences for newspapers are much larger than print, online revenue makes up only about 10% of total advertising revenue currently. The document proposes that newspapers may be able to transition to more financial sustainability by charging modest fees for access to their online news content.
Recommended
September 2013
This document provides an economic update for the 7 Rivers region including indicators such as consumer sentiment, home prices, unemployment rates, GDP changes in various countries since 2008, and Federal Reserve policies and debt purchases. It discusses measures of consumer sentiment in the 7 Rivers region compared to national averages. Graphs show increases in case-shiller home price indices for Phoenix, Minneapolis and the 7 Rivers region from 1998 to 2013, as well as decreases in unemployment rates from 2000 to 2012 in La Crosse, Wisconsin, and the United States. The document also addresses the Federal Reserve's performance and challenges, communication policies, quantitative easing programs, and questions and answers from a talk given by the President of the Federal Reserve Bank of Minneapolis.
St. Louis Chart of the Week
Missouri had the largest increase in new business formation in the US at 16.7%, well above the second highest state of Kentucky at 6.1%, according to recent Census data. Only 11 states saw annual gains in new business growth, while West Virginia and Vermont had the largest percentage losses. Small businesses are important job creators for any economy as they tend to be net job generators compared to larger, more mature companies.
IMN - 2-11-15_A
The document discusses several topics related to banking and financial regulation:
1) Bradley Leimer of Santander Bank predicts major changes to the banking business model as fees and interchange revenues decline.
2) The CFPB has grown significantly since its creation in 2011, with over 1,400 employees currently.
3) Obama is requesting budget increases for the SEC and CFTC to further enforce Dodd-Frank regulations, setting up debates with Republicans who want to revise the law.
MON MarApr 2016 _ Menzel Funding Source
Paul Menzel, president and CEO of Financial Pacific Leasing, sees modest growth in equipment finance deal flow in 2016 driven by growth in direct middle-market and vendor origination channels. However, liquidity in the industry is tightening which will lead to consolidation among independent finance companies with less access to funding. While credit quality remains solid, delinquencies and losses are expected to rise slightly from historic lows as the economic environment softens. Overall, regulatory scrutiny from the CFPB is increasing for the industry and will require all lenders including independent brokers to improve record keeping and compliance.
No Bubble
While home prices have increased 12% year-over-year in 2013, the fastest rate since 2006, prices remain below the peak levels seen during the housing bubble and are still undervalued compared to historic norms. Mortgage rates remain low but access to credit has tightened significantly compared to the bubble years, with average borrower credit scores much higher now. Some experts are concerned about the rise in home flipping but others note that investors are putting more of their own money at risk this time rather than relying on easy credit. Overall most data suggests that while the housing recovery is gaining momentum, conditions do not yet point to a new bubble forming across the market.
Macroresearch
The document discusses how the US economic growth of the last decade was fueled by consumer spending and easy credit access, but these conditions have now changed in ways that make a return to "normal" unlikely. It argues that earnings and GDP growth depended on factors like monetary policy, asset inflation, and consumer leverage that are no longer applicable. It questions where future earnings, buying power, and credit will come from to support previous levels of economic activity and asset prices.
Real Estate Expansion
- Real estate industry leaders remain optimistic about continued growth in 2017 according to a KPMG survey, despite expectations that the long real estate expansion cycle cannot last forever.
- Survey respondents point to a strong U.S. economy, readily available financing, and improving real estate fundamentals as reasons for their bullish outlook. However, uncertainties around a new presidential administration, rising interest rates, and regulatory changes present some risks.
- While industry leaders do not believe the current cycle will end in 2017, the real estate market will need to manage growing complexity and potential challenges from factors like tax reform and cybersecurity threats.
Save the Newspapers
This document discusses the challenges facing newspapers as readers increasingly get their news online rather than through print publications. It notes that newspapers have seen declines in revenue from classified ads and local business advertising as those have moved online. While online audiences for newspapers are much larger than print, online revenue makes up only about 10% of total advertising revenue currently. The document proposes that newspapers may be able to transition to more financial sustainability by charging modest fees for access to their online news content.
UcesCreditScoreEffects
This document discusses how credit scores affect various financial costs and rates. It shows that people with lower credit scores typically pay higher interest rates for loans and credit cards. For example, on a $20,000 auto loan, someone with a credit score of 660 would pay $22,824 over the life of the loan compared to $21,708 for someone with a score of 760. Similarly, someone with a credit card balance of $10,000 and a poor credit score would pay around $600 more in annual interest compared to someone with good credit. The document also indicates that most insurance companies use credit scores in their underwriting process, and those with lower scores typically pay higher insurance premiums.
FINEX Alert Perfect D&O Storm '16
The document discusses how economic headwinds, increased individual accountability, and disruptive change are converging to create risks for directors and officers (D&O) in 2016. It recommends that companies prioritize financial, executive, cyber, and professional liability insurance to protect against today's heightened exposures. Key risks mentioned include a potential economic crisis, increased regulatory enforcement against individuals, evolving cybersecurity threats, activist investors, securities litigation trends, and disruptive technologies.
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This document summarizes a speech given to recruiters and staffing professionals. It encourages recruiters to be relevant by discussing upcoming policy issues like expiring Bush tax cuts. It urges them to be current by addressing challenges facing workers like rising uninsured rates and bankruptcies due to medical costs and job loss. It also stresses the need to be political and discuss upcoming midterm elections and issues around taxes, health reform, ethics and more. Finally, it suggests recruiters own and define the market by improving practices around engagement, branding, social media policies and using data and analytics to guide decisions.
July Stats - Sales Soar and Prices Rise
Housing sales in Utah County soared over 11% in July 2012 compared to the previous year. Year-to-date housing sales have increased 6% overall. Prices have risen strongly by 9% from July 2011 to July 2012. The median home price is currently $191,000, though sales of homes over $250,000 increased 11%. Low interest rates and rising prices make now a good time for buyers and sellers. However, inventory has dropped 22%, putting pressure on prices to rise faster without more listings. Utah County needs more homes or new construction listed to relieve pressure on the housing market.
SIOR Tri-State Conference Financing Panel Intro
Gabriel Silverstein delivered this mini-presentation as the introduction to a financing panel discussion during the 2015 SIOR Tri-State Regional Conference on March 20, 2015 in New York City. The panel consisted of crowdfunding pioneer Dan Miller from Fundrise, John Randall from bridge lender PCCP, Mario DiCerbo from Bank of America's balance sheet occupier lending group, Michael Pierro from C-III Capital's CMBS lending platform, and Karen Kozlowski from Thompson Hine, legal counsel for both borrowers and lenders.
2009 By Niall Ferguson
This document provides a summary of the economic crisis that began in 2007. It discusses how the increasing integration of global markets led to growth but also vulnerability. The crisis that started in 2007 was more than a recession, as the housing market collapse in the US continued through 2009, exacerbating problems of high household debt levels. Government and central bank efforts to inject liquidity and spend on stimulus programs struggled to stop the economic downward spiral. Major banks remained fundamentally insolvent despite government capital injections, and credit creation broke down. By the end of 2008, the US government had committed over $7 trillion to bailouts, and deficits were rapidly rising.
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With proper estate and legacy planning, wealthy families have a better chance of success in passing on their fortune to their family, from one generation to the next. Learn more about legacy wealth planning in this presentation.
Sdr lending rates = inflation risk | alan dixon ~ pathos crescendo | pulse | ...
Sdr lending rates = inflation risk | alan dixon ~ pathos crescendo | pulse | ...Alan Dixon ~ PathosCrescendo
Lower lending rates lead to lower investment capital costs, allowing manufacturers to invest in new production and increase supply, lowering product prices and countering inflation. However, if the Fed raises rates, manufacturers may decrease production and cause inflation as manufacturing levels are correlated with consumer price increases. Interest rates are thus multicollinearly linked to consumer price inflation, manufacturing output, and availability of affordable investment capital.Market Facts in Uncertain Times
The document summarizes 10 market facts in uncertain economic times: 1) The economy is growing slowly; 2) Private sector jobs are increasing but consumer confidence remains low; 3) Mortgage rates are at generational lows; 4) National home prices are stabilizing; 5) Economists expect small annual home price increases over the next few years; 6) Recent mortgage delinquencies are high but newer loans are performing well. Long-term, homeowners build more wealth than renters.
Granato Founders Presentation
The document discusses the current U.S. economic outlook and its implications. It notes that expected future income is flat, wealth is down, and uncertainty is up. It argues that unsustainable government spending undermines economic stability by reducing the permanence of rewards and increasing future tax liability. In particular, rising entitlement spending is a major source of this problem. It suggests that reforms are needed to cut the growth rate of spending and entitlements in order to birth a new era of economic freedom.
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Advice iq do your homebuying math
The document discusses home buying mistakes to avoid and provides tips for determining if you can afford to buy a home. It notes that home sales have remained sluggish and pending home sales decreased in October. It then lists common home buying mistakes like buying when planning to move soon, buying more than your budget allows, and not accounting for all ownership costs. The document provides steps to calculate your current housing costs and the estimated costs of a new home to determine if you can afford the monthly payments and save enough for a down payment. It stresses calculating your debt-to-income ratio to assess your capacity for more debt and avoiding the mistake of moving only to discover you cannot support the costs of the new home.
Bitcoin and blockchain technology why lawyers should care
This document discusses bitcoin and blockchain technology, highlighting issues with traditional banking like excessive fees while introducing bitcoin as a potential alternative. It notes that bitcoin combines aspects of gold and email by being a low-cost, empowering, and transparent way to securely and quickly transfer value globally using a distributed ledger called the blockchain. Lawyers should care about these technologies because the blockchain provides a nearly indestructible, irreversible, and globally accessible way to record transactions.
Sgx
The document discusses opportunities for the Singapore Stock Exchange (SGX) in the post-economic crisis environment. It notes that consumer conventions have consolidated across geographies, presenting an opportunity for SGX. It suggests SGX focus on simplification, fairness, and honesty. Specifically, SGX could communicate around new "currencies" like time, information, energy, space, money, and conventions. The branding should be reverent of social context, technology, economics, the environment, and politics. SGX represents the confluence of companies, retail investors, regulators, and more.
AN INSIDE LOOK AT POLICY Increased Lending Boosts Money Supply Gro.docx
AN INSIDE LOOK AT POLICY Increased Lending Boosts Money Supply Growth
FISCAL TIMES
Bank Lending Signals a Strengthening Economy
The financial crisis of 2008 rocked the foundation of the U.S. banking sector. The shock left banks short of capital and hesitant to lend, even as the recession cut deeply into loan demand. The Federal Reserve has pumped in an ocean of lendable funds, trying to prime the process of bringing banks and borrowers together. But many still wonder when, if ever, bank lending will return to normal.
We’re not there yet, but recent signs have been encouraging. Despite the sluggish economy, loan growth is finally beginning to pick up in key areas, reflecting both greater willingness to lend and increased desire to borrow. Loan volume of U.S. commercial banks rose at a one percent annual rate in June as expansion in business loans and non-mortgage consumer lending more than offset the ongoing contraction in real estate financing. It was the third consecutive monthly increase after steady declines for more than two years....
a Lending to businesses is leading the credit upswing. The volume of commercial and industrial (C&I) loans in the second quarter rose at a 9.6 percent annual rate, the largest increase in 2½ years. Banks have progressively eased lending standards for C&I loans to large and medium-sized companies for the past six quarters. Small companies have seen easier terms and conditions in each of the past four quarters. Economists expect to see signs that this loosening in standards is continuing when the Fed issues it third-quarter report from bank senior loan officers in mid-August.
More credit is starting to flow to small businesses, as well. That’s important, because small firms account for about half of U.S. job creation, and depend greatly on banks for credit, unlike large corporations that have the option to raise funds in the capital markets by issuing bonds. In the second quarter, the balance of banks reporting stronger vs. weaker demand for commercial and industrial (C&I) loans by small businesses was positive for the first time in five years, according to the latest Fed survey. Another positive sign is the gradual rise in C&I loans made by small banks, whose customers tend to be small local companies. Small-bank C&I loan volume has been rising gradually in 2011 after hitting bottom late last year.
Despite increased attention by policymakers over the past year to the dearth of small business lending, the problem has been not so much banks’ unwillingness to lend but simply a lack of loan demand, reflecting weak sales. Although the percentage of small companies saying credit is harder to get is still somewhat higher than before the recession, it has fallen steadily over the past two years, from a peak of 16 percent, to 9 percent in June, according to the National Federation of Independent Business.
b Banks are also warming to consumer loans. Despite sluggish job markets, households have made great progress in g.
Matthew Cunningham Sept Newsletter
1. The document discusses the impacts of tightened lending standards and increased savings rates in the US following the financial crisis. While prudent on an individual level, some argue this will slow economic recovery by reducing credit availability and consumer spending.
2. Lenders have tightened standards due to high default rates, while individuals have increased savings and paid down debt in response to job losses and economic uncertainty. However, experts want more lending and spending to stimulate growth.
3. The debate centers around whether continued conservative lending and spending habits will prolong the recession or lead to sustainable recovery. Both sides make reasonable arguments about the role of credit in fueling economic activity in the short and long term.
Small Business Lending Report
1) Utah and California tied for the top state for small business lending in 2018, according to Lendio's annual report. Demand for loans and average loan sizes increased across all top 10 states.
2) Economic optimism among small business owners is rising, with half feeling optimistic about the economy and over 60% expecting revenue growth. However, nearly a third remain concerned about access to credit.
3) Small business owners are seeking larger loans to expand and innovate, but many struggle to get financing from traditional banks. Online lending is helping more entrepreneurs access capital and focus on growth.
Sept2010marketupdate
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, though prices remained stable. Mortgage rates set new record lows.
- The new financial reform law establishes new regulations for mortgages, credit reports, credit/debit cards, and creates a Consumer Financial Protection Bureau.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner. Local lenders may offer more competitive rates than large banks.
August 2010 market update
Housing activity remains above year-ago levels despite the expiration of tax credits. Home prices have stabilized with similar levels of distressed home sales as last year, though the economy still has further recovery ahead. Consumers are saving more and spending cautiously. While this reduces near-term spending, it positions households financially for the future. The Federal Reserve continues measures to support the economy through low interest rates and may reinvest maturing mortgage bonds to stimulate growth.
September 2010 market update
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, while home prices remained stable. Mortgage rates continued setting new record lows.
- The new financial reform law establishes new regulations for mortgages, credit reports, credit/debit cards, and creates a Consumer Financial Protection Bureau to regulate consumer loans.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner compared to a 30-year loan. Local lenders may offer more competitive rates than large banks.
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The document discusses how economic headwinds, increased individual accountability, and disruptive change are converging to create risks for directors and officers (D&O) in 2016. It recommends that companies prioritize financial, executive, cyber, and professional liability insurance to protect against today's heightened exposures. Key risks mentioned include a potential economic crisis, increased regulatory enforcement against individuals, evolving cybersecurity threats, activist investors, securities litigation trends, and disruptive technologies.
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SMA Staffing Closing Keynote: You Define the Market
This document summarizes a speech given to recruiters and staffing professionals. It encourages recruiters to be relevant by discussing upcoming policy issues like expiring Bush tax cuts. It urges them to be current by addressing challenges facing workers like rising uninsured rates and bankruptcies due to medical costs and job loss. It also stresses the need to be political and discuss upcoming midterm elections and issues around taxes, health reform, ethics and more. Finally, it suggests recruiters own and define the market by improving practices around engagement, branding, social media policies and using data and analytics to guide decisions.
July Stats - Sales Soar and Prices Rise
Housing sales in Utah County soared over 11% in July 2012 compared to the previous year. Year-to-date housing sales have increased 6% overall. Prices have risen strongly by 9% from July 2011 to July 2012. The median home price is currently $191,000, though sales of homes over $250,000 increased 11%. Low interest rates and rising prices make now a good time for buyers and sellers. However, inventory has dropped 22%, putting pressure on prices to rise faster without more listings. Utah County needs more homes or new construction listed to relieve pressure on the housing market.
SIOR Tri-State Conference Financing Panel Intro
Gabriel Silverstein delivered this mini-presentation as the introduction to a financing panel discussion during the 2015 SIOR Tri-State Regional Conference on March 20, 2015 in New York City. The panel consisted of crowdfunding pioneer Dan Miller from Fundrise, John Randall from bridge lender PCCP, Mario DiCerbo from Bank of America's balance sheet occupier lending group, Michael Pierro from C-III Capital's CMBS lending platform, and Karen Kozlowski from Thompson Hine, legal counsel for both borrowers and lenders.
2009 By Niall Ferguson
This document provides a summary of the economic crisis that began in 2007. It discusses how the increasing integration of global markets led to growth but also vulnerability. The crisis that started in 2007 was more than a recession, as the housing market collapse in the US continued through 2009, exacerbating problems of high household debt levels. Government and central bank efforts to inject liquidity and spend on stimulus programs struggled to stop the economic downward spiral. Major banks remained fundamentally insolvent despite government capital injections, and credit creation broke down. By the end of 2008, the US government had committed over $7 trillion to bailouts, and deficits were rapidly rising.
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Lower lending rates lead to lower investment capital costs, allowing manufacturers to invest in new production and increase supply, lowering product prices and countering inflation. However, if the Fed raises rates, manufacturers may decrease production and cause inflation as manufacturing levels are correlated with consumer price increases. Interest rates are thus multicollinearly linked to consumer price inflation, manufacturing output, and availability of affordable investment capital.Market Facts in Uncertain Times
The document summarizes 10 market facts in uncertain economic times: 1) The economy is growing slowly; 2) Private sector jobs are increasing but consumer confidence remains low; 3) Mortgage rates are at generational lows; 4) National home prices are stabilizing; 5) Economists expect small annual home price increases over the next few years; 6) Recent mortgage delinquencies are high but newer loans are performing well. Long-term, homeowners build more wealth than renters.
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The document discusses the current U.S. economic outlook and its implications. It notes that expected future income is flat, wealth is down, and uncertainty is up. It argues that unsustainable government spending undermines economic stability by reducing the permanence of rewards and increasing future tax liability. In particular, rising entitlement spending is a major source of this problem. It suggests that reforms are needed to cut the growth rate of spending and entitlements in order to birth a new era of economic freedom.
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The document discusses home buying mistakes to avoid and provides tips for determining if you can afford to buy a home. It notes that home sales have remained sluggish and pending home sales decreased in October. It then lists common home buying mistakes like buying when planning to move soon, buying more than your budget allows, and not accounting for all ownership costs. The document provides steps to calculate your current housing costs and the estimated costs of a new home to determine if you can afford the monthly payments and save enough for a down payment. It stresses calculating your debt-to-income ratio to assess your capacity for more debt and avoiding the mistake of moving only to discover you cannot support the costs of the new home.
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Similar to Small business lending picks up
AN INSIDE LOOK AT POLICY Increased Lending Boosts Money Supply Gro.docx
AN INSIDE LOOK AT POLICY Increased Lending Boosts Money Supply Growth
FISCAL TIMES
Bank Lending Signals a Strengthening Economy
The financial crisis of 2008 rocked the foundation of the U.S. banking sector. The shock left banks short of capital and hesitant to lend, even as the recession cut deeply into loan demand. The Federal Reserve has pumped in an ocean of lendable funds, trying to prime the process of bringing banks and borrowers together. But many still wonder when, if ever, bank lending will return to normal.
We’re not there yet, but recent signs have been encouraging. Despite the sluggish economy, loan growth is finally beginning to pick up in key areas, reflecting both greater willingness to lend and increased desire to borrow. Loan volume of U.S. commercial banks rose at a one percent annual rate in June as expansion in business loans and non-mortgage consumer lending more than offset the ongoing contraction in real estate financing. It was the third consecutive monthly increase after steady declines for more than two years....
a Lending to businesses is leading the credit upswing. The volume of commercial and industrial (C&I) loans in the second quarter rose at a 9.6 percent annual rate, the largest increase in 2½ years. Banks have progressively eased lending standards for C&I loans to large and medium-sized companies for the past six quarters. Small companies have seen easier terms and conditions in each of the past four quarters. Economists expect to see signs that this loosening in standards is continuing when the Fed issues it third-quarter report from bank senior loan officers in mid-August.
More credit is starting to flow to small businesses, as well. That’s important, because small firms account for about half of U.S. job creation, and depend greatly on banks for credit, unlike large corporations that have the option to raise funds in the capital markets by issuing bonds. In the second quarter, the balance of banks reporting stronger vs. weaker demand for commercial and industrial (C&I) loans by small businesses was positive for the first time in five years, according to the latest Fed survey. Another positive sign is the gradual rise in C&I loans made by small banks, whose customers tend to be small local companies. Small-bank C&I loan volume has been rising gradually in 2011 after hitting bottom late last year.
Despite increased attention by policymakers over the past year to the dearth of small business lending, the problem has been not so much banks’ unwillingness to lend but simply a lack of loan demand, reflecting weak sales. Although the percentage of small companies saying credit is harder to get is still somewhat higher than before the recession, it has fallen steadily over the past two years, from a peak of 16 percent, to 9 percent in June, according to the National Federation of Independent Business.
b Banks are also warming to consumer loans. Despite sluggish job markets, households have made great progress in g.
Matthew Cunningham Sept Newsletter
1. The document discusses the impacts of tightened lending standards and increased savings rates in the US following the financial crisis. While prudent on an individual level, some argue this will slow economic recovery by reducing credit availability and consumer spending.
2. Lenders have tightened standards due to high default rates, while individuals have increased savings and paid down debt in response to job losses and economic uncertainty. However, experts want more lending and spending to stimulate growth.
3. The debate centers around whether continued conservative lending and spending habits will prolong the recession or lead to sustainable recovery. Both sides make reasonable arguments about the role of credit in fueling economic activity in the short and long term.
Small Business Lending Report
1) Utah and California tied for the top state for small business lending in 2018, according to Lendio's annual report. Demand for loans and average loan sizes increased across all top 10 states.
2) Economic optimism among small business owners is rising, with half feeling optimistic about the economy and over 60% expecting revenue growth. However, nearly a third remain concerned about access to credit.
3) Small business owners are seeking larger loans to expand and innovate, but many struggle to get financing from traditional banks. Online lending is helping more entrepreneurs access capital and focus on growth.
Sept2010marketupdate
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, though prices remained stable. Mortgage rates set new record lows.
- The new financial reform law establishes new regulations for mortgages, credit reports, credit/debit cards, and creates a Consumer Financial Protection Bureau.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner. Local lenders may offer more competitive rates than large banks.
August 2010 market update
Housing activity remains above year-ago levels despite the expiration of tax credits. Home prices have stabilized with similar levels of distressed home sales as last year, though the economy still has further recovery ahead. Consumers are saving more and spending cautiously. While this reduces near-term spending, it positions households financially for the future. The Federal Reserve continues measures to support the economy through low interest rates and may reinvest maturing mortgage bonds to stimulate growth.
September 2010 market update
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, while home prices remained stable. Mortgage rates continued setting new record lows.
- The new financial reform law establishes new regulations for mortgages, credit reports, credit/debit cards, and creates a Consumer Financial Protection Bureau to regulate consumer loans.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner compared to a 30-year loan. Local lenders may offer more competitive rates than large banks.
This Month in Real Estate PowerPoint for U.S. Market - September 2010
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, while home prices remained stable. Mortgage rates continued setting new record lows.
- The new financial reform law establishes new regulations for mortgages and credit cards intended to protect consumers.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner compared to a 30-year loan.
Rotschild Asset Management 2010/3Q Market Review
The document provides a third quarter 2010 market review from Rothschild Asset Management. It summarizes that after a sharp selloff in August, stock markets rebounded in September with the S&P 500 returning 11.3% for the quarter. The review discusses investors oscillating between optimism and pessimism in response to economic news. It expresses a view that the economic recovery will be subpar as consumers reduce debt and increase savings. The review also notes an expectation that the Federal Reserve will take additional monetary action to support the economy.
Lynam team newsletter blog
The housing market recovery slowed in July after the homebuyer tax credit expired, with home sales falling below year-ago levels for the first time in 14 months. However, home prices remained stable and mortgage rates set new record lows, maintaining historically high affordability. The job market and economy recovery remained concerns. New financial reform laws aimed to strengthen consumer protections for mortgages and credit reporting.
Lazard Investment Research: Update on the Improving Foundations of US House P...
Home prices have continued their upward climb, as evidenced by the latest report from S&P/Case-Shiller. However, the most recent data show a sequential deceleration in aggregate price increases. While there are several variables that influence the price trajectory of housing, the recent spike in borrowing rates—in anticipation of tapering by the US Federal Reserve—appears to be a primary driver. In this paper, we discuss the key variables, in addition to housing price indices, that contribute to create a more complete assessment of the fundamentals for a further price recovery.
2010 Financial Markets Outlook_2010_With Cover_2010 vf
1) The document reviews market conditions in 2009, noting the extreme pessimism and economic deterioration due to the financial crisis. While 2009 saw gradual economic improvement, conditions are still challenging, with high unemployment.
2) Conditions have improved modestly in 2010, including increased corporate spending and consumer confidence, and reopening of credit and equity markets. However, risks remain like potential inflation or regulatory changes.
3) For composting and organics recycling companies, gradually improving conditions may increase access to capital through debt or equity financing. Smaller companies should prepare for fundraising to take advantage of improving opportunities.
The Edge: August 8, 2011
NAR looks ahead to challenges facing realtors including extending loan limits and flood insurance that are set to expire on September 30th, as well as preserving the mortgage interest deduction. NAR asks members to meet with their congressmen to urge action on these important issues. While the debt deal has no direct impact on real estate tax rules, it creates authority for possible future tax law changes. Following the debt ceiling legislation, S&P downgraded US long-term debt while Moody's maintained its rating but changed outlook to negative.
Current Bill -- udated 4-13-2014
This document contains a proposed bill that would allow American citizens to modify their existing home mortgages to a 4% interest rate without changing lenders. This is intended to help stimulate the economy by decreasing unemployment, preventing foreclosures and bank-owned homes, stabilizing the housing market, increasing tax revenues, and helping household budgets. The bill is supported by findings that banks are lending little due to losses on home loans, the slow job and housing market recovery since 2007, the problem of "zombie foreclosures" lingering for years in process while damaging home values, and forecasts of a continued difficult year for the mortgage industry in 2014 due to new regulations.
Small Business Lending Index February 2019
According to the Biz2Credit Small Business Lending Index for February 2019:
- Loan approval rates at big banks hit a new high, rising to 27.2% in February from 27% in January.
- Approval rates dipped slightly at small banks, alternative lenders, and credit unions between January and February 2019.
- Overall, the lending environment remains solid for small business borrowers, with reasonable costs of capital and money continuing to flow, though growth may slow from last year's high rates.
Small business lending index september 2015
Big banks increased 22.5% of small business loan requests in September 2015, up from 22.3% in July. In the past six months, big banks up and down by a few tenths of a percentage points.
12 This Month In Real Estate December Us
This document provides an overview of recent developments in the US real estate market. It discusses signs of economic recovery including GDP growth and falling unemployment. Home sales are up significantly from a year ago due to low mortgage rates and tax credits for first-time buyers. Inventories are decreasing as demand increases. The government is taking steps to help homeowners through loan modifications and short sales. Real estate data shows improving affordability and decreasing home prices.
This Month In Real Estate December Us
This document provides a summary of recent real estate market trends and government actions. Home sales increased in October while prices and inventory declined. Mortgage rates remain low boosting affordability. The government extended homebuyer tax credits and issued new guidelines for loan modifications and short sales to encourage recovery. Some economists expect unemployment and underemployment to remain high in the near term slowing overall growth.
December 2009 Market Data
This document provides an overview of the real estate market in December 2009. It summarizes key economic indicators such as home sales, prices, inventory, and mortgage rates. It also outlines recent government actions to support the housing market through expanded homebuyer tax credits and new policies around loan modifications and short sales. The document concludes with a look at first-time buyers and distressed property purchases along with local market conditions.
TMiRe November15 Us
This Month in Real estate, brought to you by Paul W. Drury of keller Williams Realty, Greater Cleveland West
Small Business Lending Index August 2015
Big banks decreased 22.3% of small business loan requests in August 2015, down from 22.4% in July, marking the tenth consecutive month, small banks have denied more than half of their loan requests.
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This Month in Real Estate PowerPoint for U.S. Market - September 2010
This Month in Real Estate PowerPoint for U.S. Market - September 2010
Lazard Investment Research: Update on the Improving Foundations of US House P...
Lazard Investment Research: Update on the Improving Foundations of US House P...
2010 Financial Markets Outlook_2010_With Cover_2010 vf
2010 Financial Markets Outlook_2010_With Cover_2010 vf
Small business lending picks up
- 1. Small business lending picks up All rights Reserved. This particular material might not really be published, broadcast, rewritten, as well as redistributed. Small businesses and also the fiscal cliff CBS Evening News Recent reviews have got proven that small companies are slowly hiring. Little company lending may be erratic recently, dropping throughout September after increasing throughout July as well as August. President Obama insists which virtually any offer around the nation's spending budget must contain higher tax rates for high-income earners. Along With the us government reported another positive trend final week: the economy grew in a better-than-expected 2.7 percent annual charge during the third quarter. Lending to little companies rose 11 percent coming from September's level, according to a survey introduced Monday by simply PayNet, which provides credit ratings on tiny businesses. Wyatt Andrews reviews about how ... Several reviews this week will show regardless of whether companies stepped up their hiring during November.. NEW YORK Little business people borrowed a lot more throughout October, a sign that they might be obtaining much more confident with regards to hiring. The Thomson Reuters/PayNet Little Enterprise Lending index, that is depending on new commercial loans along with leases granted in order to small businesses, rose for you to 107.5 from a revised 96.4. Play Video © 2012 The Particular Connected Press