The Wall Street Journal reported that the Securities Exchange Commission (SEC) notified Standard and Poor’s Rating Services (S&P) that it could face an enforcement action for alleged securities fraud regarding six commercial real-estate securities deals in 2011. It was not immediately clear … [Read more...] about 7.23.14: Standard and Poor’s in Hot Water over CMBS Ratings
9.26.11: SBA Issues New Standard Operating Procedures for 7(a) and 504 Loans
The Office of Financial Assistance announced an update to the Standard Operating Procedure (SOP) 50 10 5. This update, known as SOP 50 10 5(D), will be effective on October 1, 2011. This version of the SOP will apply to all applications received by SBA on or after October 1, 2011. Change Highlights: … [Read more...] about 9.26.11: SBA Issues New Standard Operating Procedures for 7(a) and 504 Loans