It was a tough weekend for many. Not only did the last WWI veteran to fight in the trenches pass away in England at the age of 111, but the “Yo quiero Taco Bell” Chihuahua Gidget died at age 15. Truly a broad spectrum of news, although neither was a mortgage banker which could help [...]

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To our Clients, Colleagues and Friends,                               

We mentioned last issue that you traditionally got up to 10 points when you sold an SBA loan.  If this were a mortgage, the loan officer would want at least half of those 10 points.  In the world of SBA loans, it’s very typical to only pay a half point.  [...]

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To our Clients, Colleagues and Friends, 

Lenders have been urging Congress to raise the loan limit on SBA 7(a) loans above the current $2 million limit.  There’s talk of going to $3 million and maybe even to $5 million.  When the secondary market returns for 7(a)’s, can you imagine doing a $3 million loan and getting [...]

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  1.  Obama Does Not Need Congress To Fund IMF and WB, Barney Frank Shocked, Compares Obama To W. – Posted by Tyler Durden – Barney Frank puts on his indignation hat on after realizing that the President has decided he doesn’t need congressional approval on funding international financial institutions [...]

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