SBA Hot Topic Tuesday — SBA 7(a) Prepays Predicted to Hit 8% in June

July 7, 2015 by Bob Judge Editor, CPR Report Preliminary data for next month suggests that prepayments will rise above 8% for the first time since January. In April, prepays moved back above 7% after two months below that benchmark. The makeup of the increase was a slight decrease in the default CPR combined with…

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Main Street Wednesday — SBA 504 Has a New Secondary Market Player

Bob Coleman: “Hi we are talking with Chris Hurn, Founder & CEO of Fountainhead Commercial Capital. Chris those look like new offices.” Chris Hurn: “They are Bob” Bob Coleman: “FastTrack 504? What is FastTrack 504 and what are you going to accomplish in the marketplace?” Chris Hurn: “Well it’s our new secondary market program. We…

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SBA Hot Topic Tuesday — SBA 7(a) Prepays Remain Below 8%

December 23, 2014 By Bob Judge Editor, CPR Report In October, prepays remained below 8% for the fifth time this year, decreasing by 1% from September. As to the cause, we saw a double-digit decrease in defaults that more than offset a singledigit increase in voluntary prepayments. Defaults, which fell by 23%, remained below 2%…

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CPR Report: SBA 7(a) Prepays Move Back Above 8%

July 21, 2014 By Bob Judge Editor, CPR Report In May, prepays rebounded back above 8% for the first time since February. After two months of sub-7% speeds, we have returned to where we stood as 2014 began. Defaults rose significantly last month, but stayed below 2% for the ninth month in a row. This…

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CPR Report: SBA 7(a) Prepays Stay Below 7%

June 18, 2014 By Bob Judge Editor, CPR Report In April, prepays remained below 7% for the second consecutive month, having decreased by 1% from March. Defaults fell to the 4th lowest reading since 1999 and stayed below 2% for the eighth month in a row. This continues the longest such stretch in our database,…

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CPR Report: SBA 7(a) Prepays Decrease in March

March 21, 2014 By Bob Judge Editor, CPR Report In March, prepays fell below 7% for the first time this year, having decreased by 17% from February. Defaults just barely stayed below 2%, making it seven months in a row of sub-2% default prepay speeds. This continues the longest such stretch in our database, which…

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SBA 7(a) Prepays Unchanged in February

April 23, 2014 By Bob Judge Editor, CPR Report In February, prepays were basically unchanged, coming in slightly above 8%. So far in 2014, we have seen both prints above 8%, which is one more than all of 2013. As in the previous five months, defaults remain sub 2%, the longest such stretch in our…

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SBA 7(a) Prepays Rise 24%

March 26, 2014 By Bob Judge Editor, CPR Report In January, prepays rose above 8%, registering a 24% increase over December, 2013 as we begin analyzing 2014. This reading represents the first one over 8% since last August, and with this print, have matched the number of +8% monthly CPRs we saw all of last…

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