Coleman Report
Fraud Friday — SIGTARP Proposes Rules to Make Wall Street C-Suite Bank Officers Criminally Liable for Institutional Fraud
October 28, 2016 By Bob Coleman Editor, Fraud Friday The list is long of community bankers who are paying the price for their institution’s failures — SIGTARP boasts 85 indictments, but not one Wall Street Banker is on the list. Now TARP’s Inspector General, Christy Romeo, wants the tools to go after those Wall Street…
Read MoreColeman Movers and Shakers — AJ Nosek is Partner Engineering’s New National Client Manager
October 27, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — AJ Nosek is Partner Engineering’s New National Client Manager AJ Nosek is Partner Engineering’s New National Client Manager “We’re happy to have AJ join us at a time where it is increasingly important for banks and lenders to manage…
Read MoreC-Suite Wednesday — Top 10 Need-to-Know SBA Hot Topics
October 26, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Top 10 Need-to-Know SBA Hot Topics Every quarter SBA hosts a conference call with its senior staff. The top ten highlights from this month’s call. SOP 5010 updates are expected by the end of year SOP updates will include streamlined franchise and affiliation…
Read MoreSBA Hot Topic Tuesday: SBA 7(a) Prepays Move Below 8%
October 25, 2016 By Bob Judge Editor, CPR Report SBA Hot Topic Tuesday: SBA 7(a) Prepays Move Below 8% In August, prepays fell by 15%, going below CPR 8% for the first time since March. A fall in both defaults (CDR) and voluntary prepayments (CRR) was the cause of the decrease. Specifically, defaults fell by…
Read MoreFraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids
October 21, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids Check out this story by Linda Satter of the Arkansas Democrat-Gazette about the widespread fraud at One Bank. Two former Arkansas bank execs are on trial…
Read MoreColeman Movers & Shakers Thursday, October 20, 2016
October 20, 2016 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers BNC Hires Mark Jackson as Senior Business Development Officer, Janet Matthew and Bert Register as BDO “I’ve lent to virtually every industry from hotels, restaurants and convenience stores to manufacturing, power plants, cemeteries and even landfills,” says Jackson. “I enjoy…
Read MoreSBA 7(a) Secondary Market Quotes as of October 18, 2016
October 18, 2016 By Bob Coleman Editor, Coleman Report SBA 7(a) Secondary Market Quotes as of October 18, 2016 Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 109.625 +0.000% +0.573% 10 Years P + 2.75 112.125 +0.076% +0.561% 15 Years P + 2.75 113.750 +0.000% +0.573% 20 Years P…
Read MoreMain Street Monday — SBA Opposes CFPB Payday Lending Proposed Regs
October 17, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — SBA Opposes CFPB Payday Lending Proposed Regs Why do we care about SBA’s support of payday lenders? Because, next up on the Consumer Financial Protection Bureau’s agenda will be rules affecting small business lenders — especially online lenders — the lenders…
Read MoreColeman Movers & Shakers
October 13, 2016 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers Timothy Dixon Named HomeBanc Regional President Florida’s HomeBanc has named Timothy D. Dixon as Regional President, SBA/USDA Product Manager. He is based in Shaker Heights, Ohio. Timothy brings to HomeBanc more than 35 years of experience in the banking industry.…
Read MoreC-Suite Wednesday — SBA Oversight Bill Status Update
October 12, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Oversight Bill Status Update The SBA Oversight bill passed by the Senate in June remains in limbo. Georgia Congressman Lynn Westmoreland told bankers at the USDA B&I lending forum in Atlanta last month corresponding legislation has not been introduced in the House…
Read More