Posts Tagged ‘Coleman Report’
SBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One
May 10, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One For Loans Originated in SBA One 1. After the loan is approved and the SBA Loan Number is issued and in Funded Status, SBA Form 159(7a) may be generated…
Read MoreFraud Friday — The $3.9 Million Apartment Construction Loan Secured by, Oops, Where are the Apartments?
April 22, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — The $3.9 Million Apartment Construction Loan Secured by, Oops, Where are the Apartments? I guess my editorial philosophy is to lean toward the community bankers and borrowers who are indicted because of losses to the Treasury’s TARP program or to the FDIC. And…
Read MoreColeman’s Movers and Shakers Thursday — Suzanna Caballero Named SVP at Vantage Bank Texas
April 21, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Thursday — Suzanna Caballero Named SVP at Vantage Bank Texas Suzanna Caballero Named Senior Vice President of Small Business Lending at Vantage Bank Texas “Suzanna is a recognized expert in small business SBA lending,” says Guy Bodine, President and CEO…
Read MoreSBA 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 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 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…
Read MoreSBA Hot Topic Tuesday — SBA One Mandatory for PLP Lenders on July 31st.
April 5, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA One Mandatory for PLP Lenders on July 31st. PLP lenders must use SBA One for non-delegated loans processed through Citrus Heights beginning July 31, 2016. All SBA 7(a) lenders will be required to use SBA One for non-delegated…
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