Credit worries on rise

Engel, Clint
May 2008
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p1
Trade Publication
The article reports that the furniture industry has been affected by the increasing cost of loans in the U.S. Furniture consumers can no longer afford their mortgage payments with the increasing costs. It states that factors and lenders are requiring suppliers to take risk on limiting the credit dollars for furniture stores. GE Capital Solutions claimed that it is cutting back on the unsecured inventory financing program for the industry.


Related Articles

  • GE Capital Solutions, Amtech set 60-day financing for imports.  // Furniture/Today;7/10/2006, Vol. 30 Issue 43, p47 

    The article reports that Illinois-based GE Capital Solutions has signed a deal with Hong Kong, China-based exporter Amtech Management Ltd. to provide a 60-day interest-free financing program to retailers and other American importers of furniture from China. Amtech has relationships with several...

  • GE cuts unsecured finance program to industry. Engel, Clint // Furniture/Today;5/5/2008, Vol. 32 Issue 34, p27 

    The article reports on the move of GE Capital Solutions to cut its inventory financing program in the furniture industry in the U.S. The company notes that due to current economic and market conditions, a strategic decision has been made to reduce its unsecured inventory financing exposure. Chad...

  • Online configurator simplifies ordering.  // Bulk Transporter;Jan2009, Vol. 71 Issue 7, p48 

    The article reviews the online vehicle configurator from GE Capital Solutions Fleet Services.

  • Servicing Balances Still Sliding for Many. Muolo, Paul // National Mortgage News;12/5/2011, Vol. 36 Issue 11, p1 

    The article offers information on a report which indicates a decrease in residential loan balances to 9.2 trillion in 2011 which is 6% lower compared in 2010.

  • Late Payments, Foreclosure Starts Up.  // National Mortgage News;01/08/2001, Vol. 25 Issue 15, p3 

    Reports on the increase in the number of homeowners behind on their mortgage payments in the United States for the second quarter of 2000.

  • Delinquencies Down, But Foreclosures Up.  // American Banker;6/12/2001, Vol. 166 Issue 112, p11 

    Reports the reduction in the rate of mortgage loan delinquency in Washington. Statistics on foreclosure rates; Factors contributing to the decline in delinquency rates; Identification of the loan types prone to delinquency.

  • How big a down payment on a home mortgage? Farber, Lawrence // Medical Economics;10/25/2002, Vol. 79 Issue 20, p67 

    Determines whether it would be advisable home buyers to make large down payments on a home mortgage. Need to consider the practice of lenders to waive the mortgage insurance requirement if the down payment is at least 20 percent; Need to set aside several months' income for other emergencies...

  • Hybrid cover could be a hit with brokers. Burn, Monty // Mortgage Strategy;7/25/2005, p28 

    Focuses on the controversy as to whether permanent health insurance (PHI) is a better production than accidents, sickness and unemployment (ASU) or mortgage payment protection, as it offers much longer term cover and greater flexibility in Great Britain. Evaluation of the benefits and drawbacks...

  • MPLC builds confidence in self-build. Baxter, Nick // Mortgage Strategy;12/18/2006, p24 

    The author reflects on the switch of Mortgage PLC from normal territory into the self-build market in Great Britain. He argues that moving into the self-build market is a logical step as it is a growing market and it will be beneficial for consumers. He suggests that self-builders need support...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics