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Federal Register Notice announces changes to the 7(a) Secondary Market

The August 17 Federal Register contains notice of a change to the 7(a) Secondary Market.  Effective for 7(a) pools with an issue date on or after October 1, 2018, and in order to “decrease the difference between the amortization rates of the guaranteed portions of loans in a Pool”, SBA is increasing the “minimum maturity ratio for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools by 1.0%, to 95.0%. The changes described in this Notice are being made to ensure that there are sufficient funds to cover the estimated cost of the timely payment guaranty for newly formed SBA 7(a) loan pools.”

NAGGL article explaining Changes in the Secondary Market >


SBA announces FY 2019 fees in Information Notice 5000-180010 >

NAGGL-created fees chart >


SBA releases Loan Authorization Wizard, 2018 >

2018 7(a) Boilerplate >


SBA publishes version 14 of Servicing & Liquidation Actions 7(a) Lender matrix

This PDF highlights most of the changes >  |  Clean version > 


 

Click here to view Job Bank positions  >


AUGUST RATES

SBA LIBOR Base Rate = 5.08%
History of SBA LIBOR base rate > 

Prime Rate =5.00%

SBA FIXED Base Rate = 8.13%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.88% [July 1-September 30, 2018]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]


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Calendar

9/11/2018 » 9/12/2018
Dallas Area - Understanding the SOP 50 10

9/13/2018
WEBExpress: When a Workout Really Works

9/20/2018
WEBExpress: Planning for Liquidation

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