Posts by Coleman Report
SBA Hot Topic Tuesday — SBA OIG Says 68% of Early Default 7(a) Loan Guaranties Should be Repaired/Denied
April 19, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — SBA OIG Says 68% of Early Default 7(a) Loan Guaranties Should be Repaired/Denied SBA’s Inspector General continues its commitment to review SBA 7(a) loans over $500,000 that default within 18 months of approval. In its April 2016 auditing division work…
Read MoreFraud Friday — Appeal Court Overturns Community Banker’s Fraud Conviction
April 15, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Appeal Court Overturns Community Banker’s Fraud Conviction David Weimert’s 18-month sentence for bank fraud has been nullified on appeal and he walked out of a federal prison this week. Weimert was president of Wisconsin-based Anchor Bank’s real estate subsidiary. During the height of…
Read MoreColeman’s Movers and Shakers — Grady Hedgspeth Joins CFPB
April 14, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers — Grady Hedgspeth Joins CFPB Grady Hedgespeth is joining the CFPB as the Assistant Director for the Office of Small Business Lending Markets. Prior to joining the Bureau, Mr. Hedgespeth served as the Director of the Office of Economic Opportunity…
Read MoreWhat you need to Know about Motel and Hotel Financing in 2016 Coleman’s 8th Annual Hospitality Financing Webinar
What you need to Know about Motel and Hotel Financing in 2016 Home Speakers Agenda Registration Coleman’s 8th Annual Hospitality Financing Webinar A 75-minute webinar that lets staff earn e-certification. Date: Tuesday May 17, 2016 Time: 2:00 p.m. Eastern Download a Registration Form Coleman’s 8th Annual Hospitality Financing Webinar Webinar Access $389.00 USDUnlimited Site Access…
Read MoreC-Suite Wednesday — CPR Report: SBA 7(a) Prepays Go Below 7%
April 13, 2016 By Bob Judge Editor, CPR Report In February, prepays fell below CPR 7% for the first time since last March. The cause of this decrease was a double-digit fall in both defaults (CDR) and voluntary prepayments (CRR). Specifically, defaults fell by 11% to record the second lowest reading since 1999, coming in…
Read MoreSBA Hot Topic Tuesday — New SBA Notice Defines Prudent Liquidation Deadlines
April 12, 2016 SBA Hot Topic Tuesday — New SBA Notice Defines Prudent Liquidation Deadlines By Bob Coleman Editor, SBA Hot Topic Tuesday The U.S. Small Business Administration’s latest version of SOP 50 57 2, 7(a) Loan Servicing and Liquidation, became effective December 1, 2015. In Chapter 26 of the SOP, SBA set forth the…
Read MoreMain Street Monday — Small Business Lending Defaults Remain Low
April 11, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Lending Defaults Remain Low Default outlook remains low given the tepid investment and conservative approach to expansion small businesses have taken. The business cycle remains intact with expansion at low risk. The moderate credit cycle continues, even with rises…
Read MoreFraud Friday — Former TierOne Chief Credit Officer and COO Sent to Jail
April 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former TierOne Chief Credit Officer and COO Sent to Jail 21 months for James Laphen and 34 months for Don Langford The two were sentenced after former the founder and CEO Gil Lundstrom got his 11 year sentence last month. Senior bank officials…
Read MoreColeman Movers & Shakers — Clark Street Capital Announces SBA 504 Secondary Market Program
April 7, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Clark Street Capital Announces SBA 504 Secondary Market Program Bob Coleman: The 504 Secondary Market is essentially broken. With only a small percentage of 504 sold to the current publicized buyers in the marketplace. We are with Jon Winick, CEO and Founder of Clark…
Read MoreC-Suite Wednesday — SBA and Fee Income: There’s More than Meets the Eye
April 6, 2016 By Walter McLaughlin Contributor, C-Suite Wednesday C-Suite Wednesday — SBA and Fee Income: There’s More than Meets the Eye Lenders involved with the SBA 7(a) program are normally aware that the secondary market is a substantial source of income. Although the markets ebb and flow over time, today’s premiums approach 17% for…
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