How is COVID-19 affecting the housing market?

Please join us as John Covert, director of the Colorado and New Mexico region of MetroStudy presents on the pandemic’s continued impact on the residential construction market and industry changes.
Topics to include:

  • ​How has the home building industry fared so far in April? 

  • What can we learn from the March/April housing stats and existing home sales data?

  • What are the latest trends from the multifamily market?

$50 members $75 for non members
When: Thursday April 30 th 10 a.m.
Reports: 1.6 million PPP loans were made; Banks say funds were depleted 'within minutes'

As of April 16, when funding for the program was exhausted, the Small Business Administration had approved 1.66 million loans totaling $342.3 billion through the Paycheck Protection Program, according to updated figures released by SBA on Friday. 

Most funds available through the Small Business Administration's Paycheck Protection Program were claimed within minutes of the program's launch, bank executives said .


Sales of PPP loans into the secondary market do not require SBA approval, the agency and the Treasury Department said in a Friday update to their frequently asked questions. A PPP loan sold into the secondary market retains the 100% SBA guaranty, the FAQ clarified.
Fed officials provide additional clarity on PPP liquidity facility
With the Federal Reserve’s Paycheck Protection Program Liquidity Facility now up and running, officials from the Fed yesterday shared additional details on the program and answered questions during a teleconference with bankers. The PPPLF offers non-recourse loans to institutions eligible to make PPP loans, with the SBA-guaranteed loans pledged as collateral to the Federal Reserve Banks.
Avoiding and effectively dealing with lender liability litigation during a downturn

This webinar will focus on measures lenders can take to avoid, minimize, and effectively deal with claims and litigation from borrowers, guarantors, competing lienholders and others. Topics for discussion will include:

  • Identifying loans, borrowers, and collateral likely to produce litigation
  • Best practices for loan forbearance, modification, and workout negotiations and documentation
  • Common lender liability claims and defenses 
  • Best practices for record preservation and discovery

When: April 23 from 10-11 a.m.
Presenter: Scott Sandberg, attorney, Spencer Fane LLP
Price : $50 members $75 non members

As businesses begin preparing for the eventual re-opening of their workplaces, the Equal Employment Opportunity Commission today has updated its list of coronavirus-related questions and answers to include a section on returning to work. The new Q&As clarify that as government stay-at-home orders and other restrictions are modified or lifted in an employer’s area, employers may implement any employee screening that is consistent with advice from the Centers for Disease Control and Prevention and public health authorities for their workplace.
We need to know!

As we continue to advocate for additional PPP funds (you can help using information below) Please provide us with the following information:

  • How many PPP loan applications did you have pending (whether entered in ETran or not) before PPP funds were exhausted early Thursday?

  • What is the approximate value of those unapproved loans? 

Please submit your answers to Lindsay Muniz at Lindsay@coloradobankers.org
Colorado Bankers Association
303-825-1575 | 303-825-1585