Certainty of Execution
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Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
As consumers spend less and worry about the economy amid the pandemic, they're making more deposits and keeping their money safe. In the meantime, banks are seeing growth in deposits but little in the way of loan growth.
Reserves are increasing among credit unions due to bad loans and a decline in income. This comes as credit unions see a high volume of low rate mortgages and sluggish lending in more profitable loans. Credit unions may want to sell off bad assets and replace them with purchased high-quality loans.
EXCERPT: Americans are taking short vacations close to home these days, and leisure hotels near population centers and the beach communities are doing rather well.
