February 24, 2016

By Bob Judge
Editor, CPR Report

C-Suite Wednesday — SBA 7(a) Prepays Dip Below 8% in December

In December, prepays moved below 8% for the first time since September of this year.

Defaults fell by 47% reaching another all-time record low of CDR 0.52%.

Overall prepayments fell by 16% to 7.69% from 9.18%.

Looking at the largest sector, the 20+year maturity prepayment speeds fell by 11% to 7.76% from 8.76%. We saw speeds fall in five out of six categories of our maturity buckets. It will be worth watching how 2016 compares to 2015, and we will be here to report it.


The 9th Annual SBA Secondary Market Summit will be held at the House of Sweden on Tuesday, December 6, 2016 in Washington D.C.

Reception the night before at the law offices of Kelley Drye.

Read the December 2015 CPR Report here.