SBA Prepay Commentary
June SBA Prepayment Speeds
Equipment and Real-Estate SBA 7(a) posted minor declines in speeds. CPRs for the Equipment pool population declined to 17.8 CPR from 18.7 CPR in May. Real-Estate speeds were basically flat, posting a speed of 18.4 CPR compared to 18.6 CPR in the prior month.
Equipment Loan Pool CPRs
- 2018 vintage pools continue to grind higher, coming in at 11.3 CPR this month.
- 2017 and 2016 vintages slowed down, but both remain above their 6-month averages.
Real-Estate Loan Pool CPRs
- 2018 vintage pools slowed for the second month in a row.
- 2017 and 2016 vintages increased, and are well above their 6-month averages.
Prepared according to methodologies described by SIFMA.
Kevin A. Smith, CFA
SVP, Director Investment Product Strategies
Analyst, Investment Product Strategies