Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
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.
Garnet Capital provides an update and overview of the current Residential Mortgage Market for 3rd Quarter 2020, including pricing trends, market outlook and risk factors.
For sellers of commercial loans, portfolio assessments and sale decisions have been upended due to economic and public-health considerations around COVID-19. Garnet developed its COVID-19 Vulnerability Assessment Model (“COVAM”) to help lenders identify COVID-19 related exposures which may impact both credit decisions and secondary-market loan sale projects.
RMA Magazine Article, November 2018