Posts by Coleman Report
SBA Hot Topic Tuesday — Common Errors SBA Lenders Committed Last Fiscal Year
November 21, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Common Errors SBA Lenders Committed Last Fiscal Year Following is a list of lender errors uncovered in SBA’s PARRiS Reviews last fiscal year. Loan Underwriting Discrepancy between Loan Authorization and Credit Memo Failure to Include Industry Analysis Loan Closing…
Read MoreFraud Friday — Former Mayor, Bank Sr. VP Indicted on 33 Counts of Loan Fraud
November 17, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Mayor, Bank Sr. VP Indicted on 33 Counts of Loan Fraud He took $6 million over the past 15 years says the District Attorney. Ernie Currier, 64, simply stole his customers info and made bogus loans pocketing the proceeds says the indictment.…
Read MoreColeman Movers & Shakers — Bryan Hooper Named Deputy Administrator for USDA Rural Business-Cooperative Service
November 16, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Bryan Hooper Named Deputy Administrator for USDA Rural Business-Cooperative Service Assistant to the Secretary for Rural Development Anne Hazlett announces the following changes in Senior Executive Service leadership roles at USDA Rural Development:Bryan Hooper is now the Deputy Administrator…
Read MoreSBA 7(a) 25-Year Secondary Market Quotes up to 118
November 15, 2017 By Bob Coleman Editor, Coleman Report C-Suite Wednesday — SBA 7(a) 25-Year Secondary Market Quotes up to 118.000 Maturity Spread Price Quarterly % Change 8 Years P + 2.75 108.000 -0.690% 10 Years P + 2.75 111.500 -0.668% 15 Years P + 2.75 111.750 -0.622% 20 Years P + 2.75 114.000 -0.437%…
Read MoreSBA Hot Topic Tuesday — A Recap of all New SBA Notices, Forms and SOP
November 14, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — A Recap of all New SBA Notices, Forms and SOP With the flurry of notice and new forms released by SBA over the past several weeks, I thought it would be prudent to summarize everything to make sure you…
Read MoreFraud Friday — Ex-Oklahoma Punter Brothers Plead Guilty to Bank Fraud
November 10, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Ex-Oklahoma Punter Brothers Plead Guilty to Bank Fraud From tulsaworld.com Two brothers, both punters at the University of Oklahoma who went on to find careers in finance, have now pleaded guilty to bank-related fraud and embezzlement charges. Blake Brian Ferguson, 36, entered guilty…
Read MoreColeman Movers & Shakers — Pat MacKrell Elected Chair of NADCO
November 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Pat MacKrell Elected Chair of NADCO “NADCO is lucky to have Pat MacKrell leading its board of directors. Having known Pat for a long time, I know how qualified he is to steer the 504 program and the CDC…
Read MoreSBA Hot Topic Tuesday — Common SBA Lender Errors
November 7, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic — Common SBA Lender Errors From SBA’s review of 354 lenders for FY 2017 — percentage of lenders failing to follow SBA’s SOP.. Eligibility EPC/OC Conditions Not Met — 12% Credit Elsewhere Test Not Documented — 10% Prior Loss to the…
Read MoreFraud Friday — Newtek Forecasts Zero Earnings from banc-serv
November 3, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Newtek Forecasts Zero Earnings from banc-serv Says Newtek President & CEO Barry Sloane in yesterday’s 3Q earnings call. Barry again confirmed banc-serv was the target of the FBI raid that seized company records. New information to the story is Newtek’s earnings forecast has…
Read MoreColeman Movers & Shakers — Tony Zara Joins Newtek as EVP, Credit and Risk Management
November 2, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Tony Zara Joins Newtek as EVP, Credit and Risk Management Tony Zara Joins Newtek as EVP, Credit and Risk Management Barry Sloane, Chairman, President and Chief Executive Officer says, “We are very excited to welcome Tony Zara to our…
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