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C-Suite Wednesday: CPR Report — SBA 7(a) Prepays Higher, Stay Above 8%

September 28, 2016 C-Suite Wednesday: CPR Report — SBA 7(a) Prepays Higher, Stay Above 8% By Bob Judge Editor, CPR Report In July, prepays rose by 9%, staying above CPR 8% for the fourth month in a row. A rise in both defaults (CDR) and voluntary prepayments (CRR) was the cause of the increase. Specifically,…

SBA 7(a) Secondary Market Quotes as of September 27, 2016

September 27, 2016 By Bob Coleman Editor, Coleman Report SBA 7(a) Secondary Market Quotes as of September 27, 2016 Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 108.750 -0.229% -0.114% 10 Years P + 2.75 110.800 -0.631% -1.579% 15 Years P + 2.75 113.000 -0.221% -0.110% 20 Years P…

Moody’s Analytics Webinar: Master the Challenges of Small Business Lending

September 27, 2016 Master the Challenges of Small Business Lending Webinar hosted by Moody’s Analytics Thursday, September 29 at 11:00 am PT/2:00 pm ET By Nancy Michael Enterprise Risk Solutions Moody’s Analytics A new online portal and credit score are key components of Moody’s Analytics small business lending solution, an integrated set of tools designed…

Fraud Friday — Fraudulent Construction Loan Draws Lands Developer in Prison

September 23, 2016 Fraud Friday — Fraudulent Construction Loan Draws Lands Developer in Prison By Bob Coleman Editor, Fraud Friday Twenty-eight year old Arkansas developer Brandon Woodrome pled guilty yesterday to two counts of bank and wire fraud for diverting funds from a $795,000 construction loan. The First Western Bank loan was to fund the…

SBA 7(a) Secondary Market Quotes

September 23, 2016 By Bob Coleman Editor, Coleman Report SBA 7(a) Secondary Market Quotes as of September 20, 2016 Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 109.000 +0.114% +0.114% 10 Years P + 2.75 111.500 -0.560% -0.941% 15 Years P + 2.75 113.250 -0.110% +0.110% 20 Years P…

Coleman’s Movers and Shakers — Carolina Premier Bank Names Don Jackson Director of SBA Lending

September 22, 2016 Coleman’s Movers and Shakers — Carolina Premier Bank Names Don Jackson Director of SBA Lending By Bob Coleman Editor, Coleman’s Movers and Shakers “We are excited to have Don join the Carolina Premier Bank team to grow and expand our SBA lending,” says Tim Key, chief banking officer for Carolina Premier. “Don…

C-Suite Wednesday — What’s in a name? How the SBA Harnessed Franchise Brand Name Complexities

September 21, 2016 By Edith Wiseman CFE, President FRANdata C-Suite Wednesday — What’s in a name? How the SBA Harnessed Franchise Brand Name Complexities When submitting loan packages to the SBA to obtain loan guarantee numbers, lenders need to determine if the loan meets affiliation standards. Franchise loans must meet both general borrower and franchise-specific…

SBA Hot Topic Tuesday: 7(a) and 504 Fees Effective October 1, 2016

SBA Hot Topic Tuesday: 7(a) and 504 Fees Effective October 1, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday For 7(a) loans greater than $150,000 (except certain loans to veterans) approved in FY17 The annual service fee will be increased to 0.546% (54.6 basis points) of the guaranteed portion of the outstanding balance of…

Coleman Report Special Edition — SBA 504 Processing Update

September 16, 2016 By Bob Coleman Editor, Coleman Report Coleman Report Special Edition — SBA 504 Processing Update The frustration of the industry with the Sacramento Loan Processing Center going off the grid for the past several weeks is also off the grid. The industry is angry. Period. 90% don’t believe everything is working as…

Fraud Friday — Fake Heisman Trophy Secured $100,000 Loan

September 16, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Fake Heisman Trophy Secured $100,000 Loan Lenders duped with fraudulent collateral by borrowers is not new. Some fake financial statements and AR borrowing bases. Some fake car titles. Some fake cow herd counts. And one enterprising fraudster faked a Heisman trophy. Prosecutors say…