Coleman Report

November 29, 2017 CPR Report: SBA 7(a) Prepays “Skyrocket” Due to Principal Repayment Changes By Bob Judge Editor, CPR Report Download the CPR Report, November 2017 Quite a month it has been. A change to how the SBA and Colson will pass-through principal payments on pools originated from FY 2005 to FY 2017 has had…

Coleman’s 2017 SBA Lending Awards About the 2017 Coleman small business lending professional awards The Coleman Report awarded 2017 small business lending professional awards in six categories. Main Street Lenders of the Year SBA 7(a) Lenders of the Year SBA 504 Lenders of the Year Rural Small Business Lenders of the Year Mission-Based Small Business…

November 29, 2017 C-Suite Wednesday — REMINDER: SBA 7(a) Liquidation Wrap-Up Reports Deadline is December 1 The two year window to submit wrap-up reports for SBA 7(a) loans liquidated prior to December 1, 2015 is now here. Double check your PARRiS score in the SBA One dashboard for a list of your loans that fall…

November 28, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) 25-Year Secondary Market Quotes At Historic Near-Record Highs Maturity Spread Price Weekly % Change 8 Years P + 2.75 108.000 0.000% 10 Years P + 2.75 111.500 0.000% 15 Years P + 2.75 113.100 +1.208% 20 Years P +…

November 27, 2017 Main Street Monday — 10 things the C-Suite Must Know About SBA’s New Procedures — ICBA Webinar 11/29 10 Things the C-Suite Must Know About SBA’s New Procedures When: Nov. 29 | 11 a.m. (Eastern) For: Executive/C-Suite, SBA Loan Department Manager, Compliance Officer, Human Resources Officer CPE: 1 Credit Speaker: Bob Coleman,…

November 22, 2017 By Linda McMahon SBA Administrator Main Street Wednesday — “Shop Small” in YOUR community this Small Business Saturday Your friends and relatives are special. This holiday season, the gifts you give them should be special, too! Big box stores are making a play for Black Friday and online retailers are selling Cyber…

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…

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.…

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…

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%…