According to a recent announcement from City National Bank, “Q1 GDP contracted sharply by 4.8%, the first decline since 2014, and the steepest drop since 2008…. For the first 2/3 of the quarter, the economy was running strong, close to…
As we continue through the business interruptions caused by COVID-19, the Slatt Capital team felt that it was important to point out the benefits of working with a relationship-based, “full-service, independent” mortgage banking company. We are no longer in a…
The Federal Reserve announced this morning that it would provide an additional $2.3 trillion to support the United States economy. Part of this is the expansion of the TALF (Term Asset-Backed Securities Loan Facility) to include AAA conduit CMBS bonds…
With the Treasury department’s continued buying spree, it is no surprise that the benchmark 10-year Treasury (US10Y) has remained near all-time lows, closing today at 0.62%. A steady flow of unemployment claims due to “shelter in place” related layoffs combined…
Due to the market disruptions brought on by the COVID-19 virus, we believe it is important to keep our clients informed about the major segments of lending. The following is an updated summary of the state of each market segment:…
Valued Clients and Friends, With COVID-19 causing an interruption of business Nationwide, late last week, Slatt Capital implemented our emergency continuity plan. We wanted to shed some light on the steps we are taking at Slatt Capital to continue to…
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