FAS 166 eliminates sales treatment for loans sold at par, lenders who sell loans for a premium will be required to delay recognizing the gain until the warranty period per SBA's Form 1086 expires.

SBA department managers need to be prepared to recognize the loss of a quarter's worth of gain on sale when preparing their 2010 budgets and business plans.

SBA lenders that sell their loans are encouraged to discuss FAS 166 with their independent accountants to plan for the changes coming in 2010. Lenders, who are impacted, are encouraged to participate in this audio conference with two nationally recognized experts and contact their broker/dealers to request support of modifying the Form 1086 to include an option to waive the warranty period.

Coleman Audio Conference
Tuesday, December 29, 2009
2:00 PM ET
Register by emailing bob@colemanpublishing.com

Coleman Audio Conference

Registration $249.00 Additional location $79.00 CD/Transcription with participation $30.00 CD/Transcription without Participation $249.00

Speaker - National Expert
Bob Judge
Partner, Government Loan Solutions, Cleveland, OH

Bob Judge possesses twenty-five years of fixed income trading and research experience with nationally, and internationally, recognized financial organizations. In October 2006, Bob, along with Scott Evans and Rob Herrick, founded Government Loan Solutions, Inc. (GLS), for the purpose of bringing greater efficiencies and productivity to the SBA marketplace, through the use of technology. Bob holds a B.A. in Economics from Vassar College and an M.B.A. in Finance from the Stern School of Business at New York University.

Speaker - National Expert
Bill McGaughey
Executive Vice President, Excel National Bank, Beverly Hills, CA

Mr. McGaughey is the Executive Vice President and Director of Capital Markets at Excel National Bank. Bill is the author of Accounting for SBA Loans Sold in the Secondary Market, published by NAGGL in 2008. He has experience originating, purchasing, selling and securitizing SBA 7(a) and 504 loans. He is on NAGGL's Secondary Market Committee and is a former member of NAGGL's board of directors. He has a B.S. in accounting from the University of Northern Colorado, holds a State of Colorado CPA certificate, holds the designation of CFA, and is a graduate of Pacific Coast Banking School.

Moderator
Bob Coleman
Founder, Coleman Publishing, La Canada Flintridge, CA

Bob Coleman is the Founder of Coleman Publishing, an online media company covering the small business banking industry. He is the nationally recognized expert on small business banking. He has appeared on Fox Business News and CNN. He has been quoted by most major financial media outlets including the Wall Street Journal, New York Times and Bloomberg.  He has spoken at numerous small business banking events across the United States, including international engagements in England and Germany. Coleman started in 1993 with the Coleman Report, a newsletter covering the Small Business Administration's lending programs. Today, his website attracts over 4,000 small business lending professionals a day. Coleman has a B.A. in Medieval History from the University of Southern California and a M.B.A. in Real Estate Finance from the University of Southern California.

Benefits:
Full Analysis of FAS 166 amending FAS 140
Obtain New FDIC Requirements
Secondary Market Outlook for 2010
Plan your 2010 Budget

Why an Audio Conference?
First cram as many people as you wish into your conference room and turn on the speaker phone. You are only charged for the phone line -- no additional charge for multiple attendees. Our audio conferences are based on a radio-talk show program format. Your host, Bob Coleman, will moderate the program. He will ask questions of top-notch national experts. Their answers will be the substance of the program. A great benefit of the audio conference is you will have the ability to ask questions directly of the panelists. Or, you may simply email Coleman during the program and he will direct your question to the panel.

About Audio Conferences
Simply dial the phone number we provide and follow the instructions you'll receive and you're connected. It's cost-effective. No airfare, no hotels. Multiple people at one site can participate for one registration fee. Additional sites for the same bank are charged just a nominal fee. Just dial in from the comfort of your own office or conference room equipped with a speakerphone. It's convenient. You can call and take part from anywhere, even if you are on the road.
Aren't available on the day of the conference? No worries -- register and you will receive a CD with a verbatim recording of the entire conference! You can use the CD for training of additional staff at a later date, or go back and listen again.

Who Should Attend?
CEO, CFO, Executive VP
SBA Loan Department Managers
Small Business Banking Managers

Graph Source
Coleman Report
Vol. 17, Number 38--Issue #381

Five Easy Ways to Register:
1) Call Joseph Coleman at 800-617-1380
2) Email bob@colemanpublishing.com
3) Register Online

Coleman Audio Conference

Registration $249.00 Additional location $79.00 CD/Transcription with participation $30.00 CD/Transcription without Participation $249.00

4) Fax the order form to: 818-790-7859
5) Mail the order form to: Coleman Publishing, P.O. Box 546, La Cañada, CA 91012



Robert Coleman
Publisher
P.O. Box 546
La Cañada, CA 91012
(818) 790-4591
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