On February 26, Jim Bunning, a Republican senator from Kentucky, single-handedly blocked U.S. Senate action needed to prevent an estimated 1.2 million U.S. workers from prematurely losing their unemployment benefits in March. The bill also included a provision to extend the SBA fee waiver and … [Read more...] about 2.26.10:Senator Jim Bunning (R, KY) Says “Tough Sh**” to SBA, Then Reverses
Archives for February 2010
2.18.10: SBA Guaranty Fee Waiver Set to Expire
The U.S. Small Business Administration (SBA) is finalizing plans for an orderly transition from SBA loans with temporary enhancements provided under the American Recovery and Reinvestment Act of 2009 (the "Recovery Act"). Recovery Act loans will no longer be available after expiration of the … [Read more...] about 2.18.10: SBA Guaranty Fee Waiver Set to Expire
2.15.10: ValueXpress Adds Bank Partner in Mississippi to Originate SBA Loans
ValueXpress has entered into a second partnership with a community bank, located in Mississippi, to co-originate SBA 7(a) loans and SBA 504 loans, according to Jay Bhakta, who handles ValueXpress’s banking relationships in the Southeast and is the company’s southeastern U.S. loan producer. “We … [Read more...] about 2.15.10: ValueXpress Adds Bank Partner in Mississippi to Originate SBA Loans
2.10.10: Commercial Mortgage Alert Reports Slow Progress in Closing CMBS Conduit Loans
Commercial Mortgage Alert reported this week that although nine CMBS conduit lenders are actively seeking CMBS conduit loans for the first multi-borrower CMBS transaction since the CMBS market stalled in 2008, progress on accumulating loans for securitization has been slow. Informal discussions with … [Read more...] about 2.10.10: Commercial Mortgage Alert Reports Slow Progress in Closing CMBS Conduit Loans
2.5.10: Fourth-Quarter 2009 Lending Market Review
Fourth-quarter 2009 saw an improved lending environment. Each of the following had a positive effect in the market that should lead to more commercial lending in 2010: CMBS securities prices continued to climb on existing senior investment-grade CMBS, reducing investor yields. Prices for older … [Read more...] about 2.5.10: Fourth-Quarter 2009 Lending Market Review
2.1.10: FHA Changes to Multifamily Underwriting Draw Industry Concern
FHA multifamily lenders expressed concern after listening to HUD's proposed guidelines to tighten its underwriting. At the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo, Carol Galante, deputy assistant secretary for multifamily housing at … [Read more...] about 2.1.10: FHA Changes to Multifamily Underwriting Draw Industry Concern