A rapidly shrinking lending landscape
January 31, 2009
Dealer concern mounts as Textron’s pullout leaves only GE and Bank of America as floorplan players Still coping with the September loss of KeyBank as
Dealer concern mounts as Textron’s pullout leaves only GE and Bank of America as floorplan players Still coping with the September loss of KeyBank as
Capital One has pulled out of marine retail lending, according to Jim Coburn, vice president of consumer lending at Flagstar Bank and president of the
Consumers shopping on YachtWorld.com and Boats.com will soon have access to more loan dollars from more banks. Secured Marine Transactions and Sterling Associates will partner
Danish sailmaker Elvstrom Sails was sold to a group of private investors led by triple Olympic medalist and America’s Cup skipper Jesper Bank and Elvstrom’s
Editor’s note: This is how things stood in early October. Who’s out1) May 2006, National City. This was a top-10 retail marine lender since about
Concerns about the subprime mortgage crisis have been around for awhile, with many blaming high-risk loans for triggering the broader economic problems. Here’s a brief
Editor’s note: This is where things stood in marine finance in early October. The banking environment, however, was changing on almost a daily basis, and
Seized craft are going for 10-15 percent below book value, as lenders scramble to move them Jeff Henderson spent 45 minutes banging on a Detroit
KeyBank, one of the largest marine lenders in the country, announced today that it is pulling out of the marine lending business and ending recreational
Banks are having to battle more sophisticated scam artists who secure bogus loans and fool dealers An unprecedented spike in boat loan fraud could be
Dealer concern mounts as Textron’s pullout leaves only GE and Bank of America as floorplan players Still coping with the September loss of KeyBank as
Capital One has pulled out of marine retail lending, according to Jim Coburn, vice president of consumer lending at Flagstar Bank and president of the
Consumers shopping on YachtWorld.com and Boats.com will soon have access to more loan dollars from more banks. Secured Marine Transactions and Sterling Associates will partner
Danish sailmaker Elvstrom Sails was sold to a group of private investors led by triple Olympic medalist and America’s Cup skipper Jesper Bank and Elvstrom’s
Editor’s note: This is how things stood in early October. Who’s out1) May 2006, National City. This was a top-10 retail marine lender since about
Concerns about the subprime mortgage crisis have been around for awhile, with many blaming high-risk loans for triggering the broader economic problems. Here’s a brief
Editor’s note: This is where things stood in marine finance in early October. The banking environment, however, was changing on almost a daily basis, and
Seized craft are going for 10-15 percent below book value, as lenders scramble to move them Jeff Henderson spent 45 minutes banging on a Detroit
KeyBank, one of the largest marine lenders in the country, announced today that it is pulling out of the marine lending business and ending recreational
Banks are having to battle more sophisticated scam artists who secure bogus loans and fool dealers An unprecedented spike in boat loan fraud could be
