SBA Prepay Commentary

May SBA Prepayment Speeds

May 2019

In total, Equipment and Real-Estate SBA 7(a) pools had mixed results for this month. CPRs for the Equipment pool population were basically flat at 18.7 CPR compared to 18.8 CPR in April. Real-Estate speeds came in 2 CPR faster than in April at 18.6 CPR. It’s worth taking a look at the vintage breakdowns below as they can vary. Measured on a 6-month moving average, both Equipment and Real-Estate pools have continued on a downward path after a blip up last month, though Equipment pools are still above the decline’s low.

Equipment Loan Pools

Real-Estate Loan Pools

SBA Prepayment Tables (Click for Details)

Prepared according to methodologies described by SIFMA.

Kevin A. Smith, CFA

SVP, Director Investment Product Strategies

Vining Sparks

Adam Hofer

Analyst, Investment Product Strategies

Vining Sparks

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