Equipment Leasing and Finance Association's Survey of Economic Vitality: Monthly Leasing and Finance Index Originations Nearly Double.ARLINGTON, Va. -- The Equipment Leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
ELFA Econo Lodge Franchisee Association ELFA Electron Linac for Acceleration ) Monthly Leasing and Finance Index (MLFI-25) of equipment leasing and finance activity for December releases today, showing overall volume for the period nearly doubling when compared to November originations. The MLFI-25 provides metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. reflecting monthly commercial equipment lease and loan activity as reported by the 25 participating ELFA member equipment finance companies. December originations reported by the MLFI-25 increased significantly, totaling $10.4 billion for new commercial equipment leases and loans, compared to $5.6 billion in the prior month. This growth in new leasing and finance volume supports the trend reflected in the 3.1 percent increase in durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. orders for the month and the Institute of Supply Chain Management index, in which economic activity in the manufacturing sector also showed growth for December. Portfolio quality showed mixed results: Receivables over 90 days matched its low for the year, at 0.7 percent, while average losses increased slightly over the prior month. The trend toward enhanced credit scrutiny continues, with credit approval ratios close to their lowest for the year: 78 percent of all submitted deals. Total headcount increased ever so slightly, continuing a growth trend indicated in 11 of the last 12 months. "December has traditionally proven to be the strongest month of the year for the industry from a new origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real standpoint and this year was no exception," said Rick Wolfert, Vice Chairman, Commercial Finance, CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group, Inc. "Of note, portfolio quality remained stable as we continue to benefit from a benign credit environment." The participant companies in the MLFI-25 represent a broad cross section of the equipment finance sector including small ticket, middle market, large ticket, bank, captive and independent leasing and finance companies. Because the same companies participate in the survey each month, the MLFI-25 provides a consistent trend analysis of current industry activity. Results of each MLFI-25 are posted on the ELFA website and Equipment Leasing Today magazine. Charts and graphs are available for reprint reprint An individually bound copy of an article in a journal or science communication to the media. ELFA MLFI-25 Participants ADP Credit Corporation Amsouth Leasing Corporation Bank of America Leasing Bank of the West Canon Financial Services Caterpillar Financial Services Corporation CIT De Lage Landen Financial Services First American Equipment Finance GreatAmerica Leasing Corporation Hitachi Credit America HP Financial Services Irwin Financial John Deere Credit Corporation Key Equipment Finance LaSalle National Leasing Corporation Marlin Leasing Corporation National City Commercial Corp. RBS Asset Finance Siemens Financial Services US Bancorp Leasing & Financial US Express Leasing Verizon Capital Corp/Verizon Credit Volvo Financial Services Wells Fargo Equipment Finance (1) The Equipment Leasing and Finance Association (ELFA) is the trade association representing financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies and manufacturers engaged in financing the utilization and investment of/in capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods . ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 750 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , as well as service providers. For more information, please visit www.ELFAOnline.org. The ELFA is also the premier source for statistics and analyses covering the equipment finance sector. To access ELFA's comprehensive industry information, please visit http://www.elfaonline.org/Research/ or contact Bill Choi, bchoi@elfaonline.org |
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