Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The Fed Vice Chair for Supervision is exhorting the banks to lend more but realizes that there may be disincentives. One avenue banks and credit union can take is to buy high quality, shorter duration consumer assets with yields to bolster balance sheets.
With decreased spending opportunities due to the pandemic, consumers have lowered their expenses and continue to pay down debt. Unfortunately, this is making it difficult for banks and credit unions to support loan growth and earnings, which warrants the need to add loan growth through high-quality performing portfolios.
In 2021, the loan-sale market offers a tremendous opportunity for sellers who know how to pick their spots.
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.