Homebuilder confidence continues historic decline
Rising mortgage rates, construction costs and inflation continue to stymy the new-home housing market, leading to the longest-running decline in confidence among homebuilders since the mid-1980s. Housing starts — a leading economic indicator — remain sidelined as consumers pull back on
Digital ecosystems critical to asset finance’s future
Building new digital ecosystems is key to meeting the future needs of the asset finance industry. Systems built through the collaboration of companies rather than by individual organizations offer an opportunity to deliver the best technology possible, according to the report
Equipment Finance Confidence Index rebounds from 2-year low
After reaching a two-year low in November, confidence is up among executives in the equipment finance industry. The Monthly Confidence Index for the Equipment Finance Industry — which assesses current conditions and future expectations from executives in the equipment finance sector
Hybrid work option key to talent acquisition
Hybrid and flexible work options may be key for equipment companies to attract and retain talent. In a post-pandemic world, a professional environment that includes options for remote or in-office work is not only preferred by employees — it’s a critical
H&E Equipment Services to sell Komatsu earthmoving distributorship
H&E Equipment Services is set to sell its Komatsu earthmoving distribution business to Houston-based Waukesha-Pearce Industries (WPI), furthering H&E’s move to focus on its rental business. The value of the deal, which is expected to close by the end of the
Equipment ABS net losses inch up in October
Credit performance in the equipment asset-backed securities (ABS) market was mixed in October as annualized net losses ticked up and 60-plus-days delinquencies dropped across all publicly rated equipment ABS deals. Annualized net losses in Kroll Bond Rating Agency’s Equipment Loan &
Commercial fleet lessors face new disclosure requirements
Automotive commercial fleet lessors subject to new disclosure requirements under California’s law passed earlier this month face potentially unexpected costs and a new level of regulatory oversight. The state’s Department of Financial Protection and Innovation’s (DFPI) regulations for commercial financing disclosures
Ford Credit to launch commercial vehicle insurance
Ford Credit will launch an auto insurance product for its commercial business early next year, expanding Ford Motor’s Ford Pro suite of solutions for commercial vehicles. Ford Pro Insure is expected to go live in the first half of 2023 and is powered
CIT supplies Utopia Deals with $35M revolving credit facility
CIT’s asset-based lending business has inked an agreement with global retailer Utopia Deals to supply the company with a $35 million revolving credit facility. CIT, a division of First Citizen’s Bank, is providing Plainview, New York-based Utopia Deals with working capital
Trinity Capital enters joint venture with specialized credit manager
Trinity Capital has entered into a joint venture agreement with an unnamed specialist credit manager with more than $5 billion in assets to provide loans and equipment financing to growth-stage companies. The joint venture, called i40, will be co-managed by Trinity and
