Archives---July 30, 2003
Jerry Bishop Deals New Hand—Paul Witte the Winner!!!

First Federal Leasing (FFL) formally announces the promotion of Paul Witte from Vice President, to CEO of FFL. This change has been in the planning stages for several months and will take effect August 1, 2003.
 
Former CEO, Jerry Bishop, will remain as SVP at First Bank Richmond (FBR) and will assist Paul over the next few months during the transition.
 
Paul graduated from Ball State University in 1995, joined First Bank Richmond (FBR) in 11/96, graduated from the School of Banking in Madison, WI. in 2000, and received his CPA license in 2002.
 
Paul is looking forward to continuing to work with the leasing sources, who he believes have played a major role in the performance of First Federal Leasing.

“I look very much forward to continuing this success and
building upon the relationships which has made this possible,” he said.
 
It is no secret Jerry Bishop has wanted to reduce his presence in leasing for some time. He said Paul Witte's progress has afforded him the opportunity to be able to “not work so hard and make sure the bank is in very good hands.”
 
Jerry said he will be spending 60% of his time in leasing, and 40% of his time pursuing personal and private career opportunities.
 
Contrary to popular belief, he is not retiring to Las Vegas, Nevada.
He does plan to follow up on several consulting offers that the industry has provided, and believes this announcement will be timely with the return of the economy.
 
He jokingly has made it clear he does not want a job but looks forward to assisting many current lenders or brokers in problem solving and working on special assignments. He believes the prosperity of the industry will soon return, and there will be a need for someone who would accept projects such as portfolio evaluation (sale or purchase), or comprehensive training in areas such as marketing, credit, collection, and servicing. He also believes the leasing associations play key roles in the success of our industry and has interest in working with them on how to better serve their memberships and promote our industry.
 
Both Paul and Jerry state they will be attending many of the association conventions over the next few months and will look forward to seeing old friends, and making new ones.

Today


Paul Witte
Senior Vice President at First Bank Richmond NA

 

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Classified Ads---Legal

(These ads are “free” to those seeking employment
or looking to improve their position)

San Diego , CA  Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate. Cell Phone: 760-533-4058; Email:marshallrosenberg@gmail.com | Resume

Free Posting for those seeking employment in Leasing:
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All “free” categories “job wanted” ads:
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Marlin Business Services reports 2nd Quarter
by Christopher Menkin

Marlin Business Services, Mount Laurel, New Jersey, (Nasdaq:MRLN)   with new competition from Ascentium Capital, CIT, Direct Capital, Element Financial, Financial Pacific, Navitas, RLC Funding,  among many others, reports net income of $4.9 million for the second quarter of 2014, compared to $4.5 million in 2013.  While business was up compared to the first quarter, competition saw Marlin’s lease volume down at $88,928 for second quarter of 2014, compared to $91,448 in 2013 (dollars in thousands.) Number of leases were also down: 6,423 in 2014; 6,931 in 2013.

A press release brought out the gain over the first quarter, where
Marlin’s CEO Daniel P. Dyer blamed severe winter for the temporary impact (1), "Origination volume was $88.9 million, compared to $74.0 million for the quarter ended March 31, 2014, representing an increase of 20% over the first quarter of 2014… “

The other news also reflected the new competition:

"Net interest and fee margin of 12.66% is down 39 basis points from the first quarter of 2014 and is down 70 basis points from the second quarter of 2013. The reduction from first quarter 2014 was driven by fee income and interest income. Fee income as a percentage of average total finance receivables is 2.30% for the quarter ended June 2014, compared to 2.50% in the first quarter of 2014 and 2.38% a year ago, and is due to lower late fee billings. Interest income as a percentage of average finance receivables is 11.17% for the second quarter ended June 2014 compared to 11.35% in the first quarter of 2014 and 11.86% a year ago. The decrease in interest income is primarily due to the competitive low interest rate environment and its impact on origination yields in 2014.

"The Company's cost of funds remained stable at 81 basis points, compared to 80 basis points for the first quarter of 2014, and improved 7 basis points from the second quarter of 2013. The improvement resulted from the Company's use of lower-cost insured deposits issued by the Company's subsidiary, Marlin Business Bank, its primary funding source.

"The allowance for credit losses as a percentage of total finance receivables was 1.26% at June 30, 2014, and represents 218% of total 60+ day delinquencies.

(Please note the more current numbers are on the right, not the left; a nice trick to throw reading them correctly. Editor)

(Dollars in thousands)

The issue of how many brokers (third party originators) was not revealed, although Marlin is back into this source of business. They evidently do not want to broadcast this to investors or those that view their financial statements.

"Evergreen Clauses" and residuals were not in the press release.  Perhaps it will be in the 8K when that is released. This has been one of their main profits as well as fees and insurance income.

All legal, except Evergreen in four states where lessor must notify the lessee regarding the expiration of the original lease, which I am sure Marlin does notify.  Bulletin Board complaints note they do not, especially with copiers.

1. Marlin's CEO Blames Severe Winter for Temporary Impact
   http://leasingnews.org/archives/May2014/5_02.htm#marlin

Copy of Press Release with Financial Statement:
http://www.snl.com/Cache/24637359.pdf

 

 

 

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Marlin Announces $15 Million Stock Repurchase Program

MOUNT LAUREL, N.J., (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN)  announced that its Board of Directors has authorized a stock repurchase program of up to $15 million of its outstanding shares of common stock, replacing the stock repurchase program established in November 2007. The manner, timing and amount of any purchase will be determined by management based on an evaluation of market conditions, stock price and other factors.

The share repurchase authorization reflects the Board's desire to continue to return value to shareholders and its confidence in the long-term growth prospects of the Company's business.

The Board of Directors of Marlin Business Services Corp. declared a $0.125 per share quarterly dividend, a 13.6% increase over the prior quarter. The dividend is payable August 21, 2014, to shareholders of record on August 11, 2014. Based on the closing stock price on July 28, 2014, the annualized dividend yield on the Company's common stock is 2.70%.

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Funders Taking New Broker Business List
Updated

BSB
Bankers Capital 
Blue Bridge Financial, LLC 
Forum Leasing
TimePayment

Due to the request from readers, who are new leasing brokers, this is the start of a new list of funders who accept business from those new in the leasing business. Many funders require a minimum of time as well as a volume of business. The follow are on the Leasing News Funder List, a requirement to be on this list: 
http://www.leasingnews.org/Funders_Only/Funders.htm

 

((Please click on ad to learn more))
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to help support the growth of Lease Police)

Blue Bridge Financial Relocates New York Corporate Office
Opens New South Carolina Business Development Office
by Shaun Michael Maciejewski

(Buffalo Office Staff)

Blue Bridge Financial, LLC, has moved to a historic office building at 535 Washington Street, Suite 201, Buffalo, New York, plus opened a business development office in Lake Wylie, South Carolina.

Preceding the headquarters move to the historic Electric Tower in Buffalo’s central business district, Blue Bridge Financial qualified for $586,173 in performance-based Excelsior Jobs Program tax credits from Empire State Development, the state’s economic development agency.

Brian Gallo
President

“We are committed to the resurgence in downtown Buffalo and the company’s aggressive growth path,” Blue Bridge Financial President Brian Gallo said. “We brought 15 employees into their new space and have immediately added two additional documentation specialists to its credit processing team. Blue Bridge’s employee count sits at 28 after these hires. The company plans to add more than 70 new positions over the next five years.

“The high quality Class A office space of the historic Electric Tower, combined with the job growth incentives provided by New York State, uniquely position us for continued significant growth and expansion of our equipment finance product offerings,” Gallo said. “Now that we have the office space to facilitate expansion, we are aggressively recruiting business development, credit and other financial service professionals to add to our New York team.”

Mark DeBacker
CEO

“We are excited about the addition of the South Carolina office and the opportunity to bring our company headquarters to the downtown Buffalo business corridor,” said Blue Bridge Financial CEO Mark DeBacker. “Our company is proud to be a part of the exciting economic revival which is occurring in downtown Buffalo and the contribution of our company to further regional growth within the financial services industry.”

The opening of a South Carolina presence supplements the existing Blue Bridge physical locations in Palm Harbor, Florida, San Francisco, California.

Accompanying the South Carolina office opening is the addition of equipment finance industry veteran Crystal Murcha as Assistant Vice President of Broker Relations. Crystal brings over seven years industry experience with third party origination sources, most recently with Axis Capital, Inc.

Crystal Murcha, Asst. VP
Broker Relations

Crystal Murcha added, “I am excited to join Blue Bridge and look forward to providing the same high level of customer service that I am accustomed to. My customer-centric approach is a perfect fit within the culture of Blue Bridge Financial and I look forward to continuing to build and deepen our customer relationships.”

(Left to Right, Crystal Murcha, Jenny Myers, Samantha Furtick)

Supporting Crystal in the South Carolina office are Jenny Myers and Samantha Furtick as Broker Relations Assistants.

Working in tandem with Renee Hazard, Vice President of Broker Relations in Buffalo, they will oversee the business development division with a focus on independent third party originator loan relations.

VP, Broker Region, Buffalo, New York

Renee Hazard commented, “We are excited to announce the South Carolina office opening and the addition of Crystal, Jenny and Samantha to our business development team. Crystal is well known within the equipment finance industry and has successfully led and mentored teams responsible for significant loan activity. With the expanded product offerings of Blue Bridge, Crystal and her office staff will lead us in outreach efforts to the broker community.”

 

 

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Video Preview of ELFA Annual Convention
ELFA President and CEO Woody Sutton

 

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Sales Makes it Happen
by Steve Chriest

Can You Guess the Best Profession?

Salespeople: Highest Return

A vendor partner we worked with a few years ago provided us with some revealing research information about the sales profession. Among working professionals, it appears that salespeople, generally, are a well-balanced, stable group.

In their work as purveyors of sales excellence, this vendor maintains a database of over 300,000 sales candidates, 100,000 business decision-makers, and 1500 sales forces. Understanding salespeople, and formulating actuarial tools that predict success in sales, is a core part of their business. Here is some of the interesting information they have discovered:

Among doctors, lawyers, athletes and salespeople, which profession would you guess has the highest average return for their investment in education? According to the Bureau of Labor Statistics, it is salespeople, not doctors, lawyers or athletes, who enjoy the highest average return for their investment in education.

Who has the highest suicide rate among dentists, psychologists, business executives, laborers and salespeople? If you guessed dentists, you would be right. With all the rejection most salespeople endure on a daily basis, you might think salespeople rank high on this list. In reality, salespeople have the lowest rate of suicide among these groups.

When comparing politicians, TV personalities, building maintenance workers and salespeople, it's salespeople who have the lowest rate of early heart or other stress related diseases. Maybe even onerous, unrealistic sales quotas aren't enough to overly stress most salespeople.

Which profession, among surgeons, entrepreneurs, writers and dentists has the highest divorce rate? For some reason that I'll let you speculate about, dentists again top this list. The sales profession is second lowest on the list, and only Catholic Priests have a lower rate of divorce!

This should all be good news for sales managers and senior managers. It should be comforting to know that most salespeople enjoy a high average return for their investment in education, do themselves in much less often that other professionals, are less likely to succumb to stress and other stress related diseases than many other professionals, and stay married longer than many groups of top professionals.

It's no wonder salespeople successfully endure constant rejection from customers, uncomplimentary skits on Saturday Night Live, and the blame for lagging sales, even when their company's product or service offering are at fault. It seems that well-adjusted, optimistic, stable people just naturally gravitate to the business of sales!

About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He also has a video conference facility and is the producer of Profit  (www.openadvance.com)

You can reach Steve at schriest@openadvance.com

Sales Makes It Happen Articles:
http://www.leasingnews.org/Legacy/index.html

 

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Leasing Industry Help Wanted
 

 

Collector, Atlanta, GA Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office. Sales, Chicago, Atlanta Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered. Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com www.secondcityleasing.com Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

 

Leasing Operations Manager San Antonio, Texas Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets. Click here for full description. Contact: Monet Pitts, HR Manager mpitts@minercorp.com flexxrl.com Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

 

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm 
Please see our Job Wanted section for possible new employees.

“Waiver of Damages” Does Not Waive Breach of Warranty
By Tom McCurnin
 Leasing News Legal Editor 

Vendor Leases Defective Construction Equipment, But Lease Waives
Damages. Louisiana Court Holds That Waiver of Damages Does Not
Waive Right to Claim Breach of Warranty

Conmaco/Rector L.P. v. L & A Contracting Company 2013 WL 5881576 E.D.La.,2013.

Here is an interesting lease whereby a manufacturer of equipment leased the goods to the end user without going through a third party or even a captive finance company. As part of the lease terms, the manufacturer/lessor had the lessee waive damages. For reasons which were obvious to the Court, the manufacturer could not compel the lessee to waive all claims for defects (because the lessor was the manufacturer).  However, the manufacturer attempted to bootstrap its claim that the lessee waived all claims, because such claims were subsumed by the waiver of damages. The lessor failed. The facts follow.

Conmaco is a manufacturer of construction equipment in Louisiana.  Its customer was L&A Contracting, which desired to acquire a large hammer type device presumably for the purpose of driving pilings in a flood control districts. Rather than purchase the hammer directly, L&A took advantage of lease financing. The hammer quickly malfunctioned, and was sent back to Conmaco by L&A for repairs. Conmaco had the chutzpa to bill L&A for the repairs.  L&A refused to pay the invoices for the repairs and Conmaco filed suit on the invoices.  L&A counter-sued for breach of warranty.

The lease contained the following waiver of damages:

3. Lessor has made no representation of warranty of any kind, nature, or description, express or implied, with respect to the equipment, including, without limitation, the condition of the equipment, its merchantability or its fitness for any particular purpose; except that lessor warrants that it will have title to the equipment at the time of delivery thereof. As to lessor, therefore, lessee expressly agrees that it leases the equipment “as is.” Lessor shall not be liable for any damages by reason of failure of the equipment to operate or faulty operation of the equipment or system.  Lessor shall not be held responsible for any direct or consequential damages or losses resulting from the installation, operation, or use of the equipment.  No defector unfitness of the equipment shall relieve lessee of the obligation to pay rent or otherwise perform under the lease. Lessee acknowledges that the foregoing limitations of warranty have been brought to its attention by lessor and that it has read and understands the same.

Therefore, Conmaco argued that that waiver of damages bars L&A’s suit for breach of warranty, because L&A would not be able to recover any damages. 

The Court quickly disposed of the waiver of damages issue, ruling that a party to a contract may waive certain kinds of damages, if the waiver is clear and conspicuous. Here the waiver was on the front of the lease in capitalized and bold face type. Such waivers are enforceable under Louisiana law. 

But that did not dispose of the warranty issue, because L&A argued that Conmaco, as a seller and lessor, warranted that the property was fit for the normal purposes for which the equipment is generally used. 

Louisiana has not adopted Article 2A of the Uniform Commercial Code, so their counterpart is the Civil Code of 1870, which states that

“The lessor warrants the lessee that the thing is suitable for the purpose for which it was leased and that it is free of vices or defects that prevent its use for that purpose. This warranty also extends to vices or defects that arise after the delivery of the thing and are not attributable to the fault of the lessee.”

The Louisiana Court would not allow Conmaco to claim that L&A waived the defects in the equipment, stating, “The Court can find no support in Louisiana law, nor has Conmaco provided any, for the proposition that parties may avoid the warranty against vices or defects through a broad waiver of damages, thereby rendering the former superfluous.” 

Therefore, the Court held that the lessee could assert the breach of warranty claim, but that the Court would later consider whether L & A's damages were foreseeable and causally related to Conmaco's alleged breach of warranty.

Easy parallels to leasing law are difficult to construct in Louisiana, but one thing that struck me was the fact that the lessor was the manufacturer.  Using a captive finance company can provide a small fig leaf behind which the manufacturer can assert that the lease is a finance lease. 

Notwithstanding any legalities, a lessor can hide behind, avoiding legal disputes often boils down to customer service.  Here the hammer malfunctioned after only a month. The fact that Conmaco obviously delivered a defective hammer, and actually had the nerve to bill its customer for repairs, simply didn’t make sense to me.  If Conmaco enjoys civil litigation, it certainly went about attracting lawsuits in the right way. 

Conmaco Case

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

 

 

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First Global Leasing Industry Competitiveness Forum
Leasing Leaders from U.S. to Attend
Tianjin, China, September 19–20, 2014

Qualified leasing professionals from outside of China will not be charged any registration fees. They are, however, expected to pay for all their travel expenses including accommodations and meals at the venue.

Organized by New Finance Union Media and People’s Government of Tianjin Municipality, Supported by Amembal & Associates

Speakers include:

• Sudhir P. Amembal, Chairman & CEO, Amembal & Associates, U.S.A.
• Crit DeMent, Chairman & CEO, LEAF Commercial Capital, Inc., U.S.A.
• Esteban Gaviria, CEO, Leasing Bancolombia, Colombia
• Shawn D. Halladay, Global Leasing Expert, Amembal & Associates and The Alta Group, U.S.A.
• Hugh Lander, Chief Executive Officer, BOQ Finance (BOQF), Australia
• Bob Rinaldi, Chairman-Elect, ELFA, U.S.A.
• Arnaldo Rodriguez, President, CSI International, Spain
• Jukka Salonen, Chairman, Leaseurope, Finland
• Fred Sasser, Chairman, Chicago Freight Car Leasing, U.S.A.
• Judy Tan, Managing Director, Caterpillar (China) Financial Services, China
• Wang Chong, Chairman, CDB (China Development Bank) Leasing, China
• Kong Linshan, Chairman, Minsheng financial leasing co., LTD, China
• Kong Fanxing, Chairman, International Far Eastern Leasing, China
• Cong Lin, President, ICBC Leasing, China

Information on Conference, including biographies:
http://www.leasingnews.org/PDF/2014ChinaForum_7302014.pdf

 

 

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New Lease Accounting Video

The Secret Life of Accountants
by www.LeaseAccelerator.com

 

 

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##### Press Release ############################

Fleet Financing Resources First Half Funding Volume up 15%

Riverside, California,  – Fleet Financing Resources (FFR) announced total funded volume of $26.5 million for the first six months ending June 30, 2014, up 15% over prior year results. 

“The first six months of 2014 has been a phenomenal one for FFR,” commented Dave Reynolds, President and CEO.  “Our funding volume is at a record high and our core customer base of fleet accounts continue to return for additional growth financing and replacement cycling.  FFR’s success is a direct result of our ability to bring tailored structuring, competitive pricing and value added services.”

Funding highlights for the first half of 2014 includes:

• $1.5 million debt financing | (3) new motor coaches | Los Angeles, CA

• $920,000 TRAC lease | (5) new motor coaches & shuttle buses | Houston, TX

• $680,000 in debt refinancing | (26) trailers & trucks | Commerce, CA

• $413,000 in debt financing | (3) new school buses | Rancho Cucamonga, CA

• $221,000 in debt financing | (5) new shuttle buses & executive cars | Washington D.C.

 

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Insurance.com survey finds Americans are open to,
even eager for, cars that drive themselves.

(Foster City, CA) – Results of a new survey from Insurance.com, the car insurance comparison-shopping website, find most Americans are comfortable with the idea of cars that can drive themselves.

More than three-quarters of 2,000 licensed drivers surveyed said they would be very likely to buy or at least consider buying a car with autonomous capabilities. When the possibility of much cheaper car insurance as a result of improved safety was introduced, consideration rose to 86 percent.

Des Toups
Senior managing editor
Insurance.com at QuinStreet

“People are aware that they already drive cars controlled partly by computers,” said Insurance.com Managing Editor Des Toups. “Now they see features like collision avoidance on new models and hear about Google cars hitting the roads in a couple of years. An autonomous car is not science fiction anymore.”

Only 24.5 percent said they would never consider an autonomous car – and even that figure dropped to 13.7 percent if they could get cheaper car insurance.

Nearly a third of respondents – 31.7 percent -- said they would not continue to drive once an autonomous car was available instead.

“Spend time in traffic anywhere and it’s clear many people would rather be doing something else,” Toups said.

Yet the trust in technology is not solid, the survey found. Seventy-six percent of respondents said they would not trust a driverless car to take their children to school, and 61 percent said they believe a computer is incapable of the same decision-making behind the wheel that a human is.

Given a choice between hitting a pedestrian and hitting another vehicle head-on, for example, 79 percent of drivers said they would want their autonomous car programmed to hit the other vehicle.

“We still don’t know how autonomous cars will communicate, who’ll be liable for failures, or how they’ll mix with old-fashioned cars,” Toups said. “But we’re already well down this road.”

Drivers agree. Seventy-three percent said they don’t think the cars of model year 2040 will operate in ways familiar to the drivers of 2014.

For complete survey results see http://www.insurance.com/auto-insurance/claims/autonomous-cars-self-driving.html

Methodology
Insurance.com commissioned an online-panel survey of 2,000 licensed adult drivers, half men and half women, in June 2014.

About Insurance.com
Insurance.com, based in Foster City, Calif., is an online resource where consumers can compare side-by-side, real-time auto insurance quotes from multiple insurance carriers.  Since its inception in 2001, Insurance.com has delivered nearly 11 million quotes to consumers – who, in less than 10 minutes, fill out one form and save an average of $540 annually – making it one of the largest independent insurance marketplaces in the U.S.  Participants include some of the biggest names in auto insurance, including Progressive, Esurance, The Hartford, Travelers and 21st Century.  Experts from Insurance.com are available for interviews on all issues pertaining to auto insurance.
Twitter: @InsuranceDotCom

About QuinStreet Inc.
Insurance.com is owned and operated by QuinStreet Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world.  QuinStreet is committed to providing consumers and businesses with information they need to research, find and select the products, services and brands that best meet their needs.

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Labrador Retriever
Burlingame, California  Adopt-a-Dog

Wilson
A564124
Available for Adoption
Yellow
Good with Dogs
Good with Kids
Up-to-date with Vaccines

"Hello there, my name is Wilson. I'm a 1 year old neutered male Labrador Retriever weighing in at just over 54 pounds. I'm a great dog who already knows some basic commands (like "sit") and I also love fetching toys and going for walks. The volunteers have noted that I'm a great walking buddy who is interested in people and dogs that I see but not reactive to them at all. I get along fine with other dogs but am unsure about cats. Since I'm pretty easy-going, first time adopters would be swell, and I'd have a great time playing with kids of all ages. Labs get adopted from the shelter pretty fast, so don't delay - come ask for Wilson, #A564124."

Center for Compassion Hours

11 am to 7 pm on weekdays and 11 am to 6 pm on weekends; closed major holidays. We ask potential adopters to arrive at least an hour before closing to compete an adoption.

It is often not possible for our staff to complete adoptions when visitors arrive less than an hour before we close (7 pm on weekdays and 6 pm on weekends). Please note this and arrive at least an hour before our closing time if you think you might be adopting a pet.

Please visit our new Tom and Annette Lantos Center for Compassion, located at 1450 Rollins Rd., Burlingame (x street Edwards Ct.). Hours are M-F, 11 am to 7 pm and 11 am to 6 pm on weekends.

Peninsula Humane Society
Phone 650.340.7022

Adopt a Pet
http://www.adoptapet.com/

 

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Operations/Remarketing/Repossessions
Classified ads—

Leasing Industry Outsourcing
(Providing Services and Products)

Operations: Houston, TX Silverlake Inspections LLC is an independent contracting company for real estate and equipment verification with pictures.  Email: jimh05@sbcglobal.net	Operations: Portland , OR Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. 800-547-4905 sales@pfsc.com
Operations: Roseburg, OR  Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury 541-673-4116 or 541-784-7973. email: doc_prep@yahoo.com	Repossessions: Southern California (except San Diego). Full service repossession agency. All vehicles, big rigs, boats, heavy equipment and machinery. Licensed and insured 818-786-7376. www.simonsrecovery.com. adam@simonsrecovery.com
Repossessions: Canada  Cease Bailiff Services Incorporated: Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security Asset Liquidations/Sales; Ottawa, Canada www.ceasebailiff.ca dave@ceasebailiff.ca Phone613 898 7376 Fax 613 225 2452	Remarketing: Los Angeles, CA Video, Audio, Film, Computer, IT, Test, Presentation Equipment We pay cash / 3 million in buying power /Quick Quotes UBG 800-570-5224  jon@usedvideo.org
Repossession/Remarketing:  Portsmouth, NH Six Sigma Processes. Unique Approach. Pride. Professionalism. Skip tracing, legal, storage, logistics. lowest cost, industry leading recovery rates/amounts. 855.EENGINE lendersolutions.equipmentengine	Repossessions: Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968 ecastagna@inplaceauction.com
Repossession: South East US- AllState Asset Management  Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services.  Call Brian @ 704-671-2376 Email	Repossessions: All kinds of vehicles, equipment and machinery. Anywhere in the United States. Anything, Anywhere, Professionally  800-755-1968  Rayc@american-locators.com
Repossessions/Remarketing Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email:Jamie@bulldogasset.com www.bulldogasset.com	Repossessions: Florida Commercial Asset Solutions, Florida repossessions and skip tracing. We have been repossessing assets longer than anyone with the highest rate of return. We do not outsource your problems, we solve them ourselves. 30 years solving problems for the top commercial lenders. Our reputation is second to no one!  Mark Lacek 407-948-7087
Repossession/Remarketing San Francisco Bay Area SFBAAM, LLC:  20 years’ experience in equipment FMV's, Repossessions, Lease Returns & Remarketing.  We handle Copiers, Test Eq., Networking, IT, Medical, Industrial.  No Repossession pick-up fees in the Bay Area.  Over 50 million in assets remarketed.  We are in compliance w/ the major banks.   zack@sfbaam.com

 

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• Contract Negotiations • Fraud Investigations  • Credit Investigations • Skip-tracing  • Third-party Commercial Collections John Kenny  Receivables Management For flat fee or commissions basis  john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

  

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http://www.lightreading.com/services/broadband-services/cable-broadband-surpassing-video-moodys/d/d-id/710131?

Banks handing out record number of million-dollar mortgages
http://www.newsday.com/classifieds/real-estate/banks-handing-out-record-number-of-million-dollar-mortgages-1.8916240

Deutsche Bank Revenue From Debt Trading Beats U.S. Peers
http://www.bloomberg.com/news/2014-07-29/deutsche-bank-profit-falls-29-on-higher-tax-payments.html 

Zillow to acquire rival Trulia for $3.5 billion
http://www.upi.com/Business_News/2014/07/28/Zillow-to-acquire-rival-Trulia-for-35-billion/4881406552556/?spt=sec&or=bn

UCLA, Sunset Boulevard flooded by water main break (photos)
http://photos.dailynews.com/2014/07/photos-ucla-sunset-blvd-flooded-by-water-main-break
http://www.latimes.com/local/lanow/la-me-ln-flooding-on-sunset-near-ucla-20140729-story.html

 

Leasing Operations Manager San Antonio, Texas Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets. Click here for full description. Contact: Monet Pitts, HR Manager mpitts@minercorp.com flexxrl.com Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

 

[headlines]
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--You May Have Missed It

McDonald's loses big on labor ruling
http://fortune.com/2014/07/29/mcdonalds-worker-rights-wages-nlrb/

[headlines]
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SparkPeople--Live Healthier and Longer

Calorie Counter & Weight Loss App
http://www.sparkpeople.com/app/calorie-counter.asp

[headlines]
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Baseball Poem

Old Timer's Day, Fenway Park, 1 May 1982

Donald Hall, U.S. Poet Laureate

When the tall puffy
figure wearing number
nine starts
late for the fly ball,
laboring forward
like a lame truckhorse
startled by a garter snake,
– this old fellow
whose body we remember
as sleek and nervous
as a filly's –

and barely catches it
in his glove's
tip, we rise
and applaud weeping:
On a green field
we observe the ruin
of even the bravest
body, as Odysseus
wept to glimpse
among the shades the shadow
of Achilles

Fathers Playing Catch with Sons
http://www.amazon.com/exec/obidos/ASIN/0865471681/poetsorg-20/
002-5217827-1679236?creative=327641&camp=14573&adid=08JM7ZJ
ZFGQ1Q258X4D7&link_code=as1

http://www.amazon.com/gp/product/061853721X/002-5217827-16792
36?v=glance&n=283155

About the new US Poet Laureate Donald Hall, avid Boston Red Sox fan.
http://www.nytimes.com/2006/06/14/books/14poet.html?hp&ex=11503
44000&en=1aca3b325c00a10b&ei=5094&partner=homepage

[headlines]
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Sports Briefs----

Raiders' Mark Davis confirms meeting with San Antonio officials
http://www.contracostatimes.com/news/ci_26238794/raiders-mark-davis-confirms-meeting-san-antonio-officials

A’s stadium deal spurs uncertainty
http://www.pressdemocrat.com/sports/2445687-181/lowell-cohn-as-stadium-deal

Lakers announce Byron Scott as their new head coach
http://photos.mercurynews.com/2014/07/29/photos-lakers-announce-byron-scott-as-their-new-head-coach/#1

Donald Sterling loses preliminary ruling; Clippers sale on?
http://www.usatoday.com/story/sports/nba/2014/07/28/donald-sterling-trust-fight-steve-ballmer-los-angeles-clippers-sale/13288099/

Around Seattle, Ballmer’s Other Title Is Superfan
http://www.nytimes.com/2014/05/31/sports/basketball/around-seattle-ballmers-other-title-is-superfan.html?

[headlines]
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California Nuts Briefs---

New statewide water waste prohibitions take effect today
http://www.sacbee.com/2014/07/29/6591112/new-statewide-water-waste-prohibitions.html

PG&E accused of obstructing justice in San Bruno case
http://www.sfgate.com/bayarea/article/PG-amp-E-accused-of-obstructing-justice-in-San-5655355.php

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Battle for Poor Shoppers Fuels Dollar-Store Deal
http://online.wsj.com/articles/dollar-tree-to-buy-family-dollar-for-74-50-a-share-1406542575

Wine auctioneer charged with grand theft
http://napavalleyregister.com/news/local/wine-auctioneer-charged-with-grand-theft/article_a07edad9-95de-542f-be88-3c98f4d53808.html

Trinchero Family Estates Announces the Passing of Vera Trinchero Torres
http://www.winebusiness.com/news/?go=getArticle&cms_perview
&dataId=136308

Major Wine companies should not pin their futures on China, Warns Krug Chief
http://www.harpers.co.uk/major-wine-companies-should-not-pin-their-futures-on-china-warns-krug-chief/369919.article

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm