SAF Holdings, LLC | Summit News and Accomplishments

01Dec2017: How Politics Affects the Market

. December 2017 By Selina Stoller, SAF Holdings, LLC It’s been a little over a year since Donald Trump was elected president and Washington has been rapidly changing ever since. It’s a challenging arena for investors to understand and although the gross domestic product has been growing, the labor market is healing, and interest

29Nov2017: AmeriFirst Continues to Build

Summit Alternative Investment, LLC’s affiliate company AmeriFirst Home Improvement Finance, LLC has recently announced the completion of its SOC 2 (Service Organization Controls) Audit certified by national accounting firm BKD. In addition to this milestone, AmeriFirst assimilated the servicing of two additional performing consumer loan portfolios totaling more than $150 Million. SAI would like to

14Nov2017: Home Sales Decline for the First Time Since 2016

. November 2017 By Selina Stoller, SAF Holdings, LLC Sales of previously owned homes declined for the first time since July 2016 which suggests that a shortage of available homes for sale is taking a toll on the market. September’s existing-home sales fell 1.5 percent from the same month a year earlier, the

23Oct2017: U.S. Labor Market Remains Steady Post Hurricanes

. October 2017 By Selina Stoller, SAF Holdings, LLC Although major hurricanes caused a dip in employment in September, the U.S. labor market has remained steady ever since. According to a recent report by the U.S. Department of Labor, unemployment rates were lower in September in 11 states, higher in 4 states and stable

19Oct2017: Everything You Need to Know About Cryptocurrencies

. October 2017 By Selina Stoller, SAF Holdings, LLC In the world of finance, cryptocurrencies have become increasingly popular. But what are they exactly? Cryptocurrencies are digital or virtual currencies that use cryptography for security which is difficult to counterfeit. They make it easier to transfer funds between two parties in a transaction

13Oct2017: The Equifax Data Breach: Now What?

. September 2017 By Selina Stoller, SAF Holdings, LLC Equifax, a credit-reporting agency, experienced one of the most significant data breaches in recent history. Credit card numbers for roughly 209,000 U.S. consumers were accessed, along with some dispute documents that contain personal identifying information for about 182,000 U.S. consumers. Overall, the personal, financial information

06Oct2017: U.S. Retail Sales Fell in August

. September 2017 By Selina Stoller, SAF Holdings, LLC Damage from hurricanes, tropical storms, and a drop in consumer spending were the contributing factors behind the fall of U.S. retail sales in August. The Federal Reserve reported that U.S. industrial production dropped a “seasonally adjusted” 0.9 percent in August from the prior month, its

27Sep2017: US Job Openings Hit New Record

. September 2017 By Selina Stoller, SAF Holdings, LLC The U.S. private sector added 415,000 jobs combined in July and August, exceeding economists’ expectations and breaking previous employment records. According to the ADP National Employment Report, 178,000 jobs were added to the private sector in July, a record high. Roughly 4,000 of these jobs were

22Sep2017: U.S. Consumer Sentiment Declines in September

. September 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC After reaching a seven-month high in August, consumer confidence declined in September. The index, conducted by The University of Michigan, measures 500 consumers’ attitudes on future economic prospects, in areas such as personal finances, inflation, unemployment, government policies and interest rates. The consumer sentiment index

08Sep2017: North Korea Threats Affecting South Korea’s Economy

. September 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC On Monday, South Korean officials said that they had seen evidence that North Korea may be preparing another ballistic missile test. Although South Korean investors have largely ignored the threat of war for years, some small signs of economic harm are emerging as Kim Jong

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