Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The reality is that as more banks merge together, there are fewer overall banks, and thus each new bank lost is a greater percentage of the total. Overall, the percentage of the total number of banks that are lost each year continues to be fairly consistent. That number is around 4% of the total, and that means that the large banks are continuing to swallow up any of the remaining community banks that they can find. Thus, it is best to still consider ourselves to be in a period of banking sector consolidation.
As it has in many memorable instances, the securitization industry will once again play a crucial role in the resurgence of the real economy throughout 2021 and 2022. IMN and FIIN are proud that ABS East, in its 27th year and in a convenient blended format, remains a key platform for charting this path forward.
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Why Sell Charged-off Accounts on a Forward Flow?
How Garnet Can Help Via Warehouse Facility and Whole Loan Sales