Understanding FAS166 and the impact to SBA Loan Sales in 2010
More than 150 banks tuned in to hear this important webinar and now you can too!
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View the GovGex Webinar to Learn:
SBA loan sellers on GovGex.com are capturing premiums at 110% with retained servicing reaching 1.30%. Despite healthy prices, industry insiders are anxious about FAS 166.
- What is FAS 166
- The potential impact to your institution's financial statements
- A review of SBA premiums today and expected impact to premiums in 2010
- An update on recent legislation and how this impats the secondary market
Hear from these Leading Experts:
- Michael Cohen, CPA
- Michael Cohen is a Senior Manager in the New Jersey office of Friedman LLP. His expertise includes SEC registrants and financial services for clients. Prior to joining Friedman, Michael served as the Chief Financial Officer of Business Loan Express, the largest non-bank SBA lender at the time. Before that, Michael worked for Eisner LLP.
- Morgan Keegan Representatives
- Morgan Keegan is a leading SBA Pool Assembler. They specialize in government guaranteed loans, including Small Business Administration (SBA), Rural Development/Business and Industry (RD), Farm Service Association (FSA), and United States Department of Agriculture (USDA).
- Mike Rozman, President, GovGex.com
- GovGex is used by lenders to connect with over 30 buyers; more than $450M in loans have been presented for sale since launch. In 2003 Mike co-founded Edgeware Analytics, innovators of GovGex and the Small Business Loan Exchange. Prior to Edgeware Mike was a VP at JP Morgan Chase.
About GovGex.com
GovGex is the secure online exchange for selling SBA and USDA loans. Banks turn to GovGex to access over 30 buyers when selling their government guaranteed loans ensuring the most efficient bidding process. Included as GovGex buyers are the SBA Pool Assemblers who are vital to the SBA market and in turn to America's small businesses. GovGex is an independent source for secondary market pricing information - built on actual bid levels as seen on GovGex. To learn more, visit: http://www.GovGex.com
Media Contact:
Mike Rozman
GovGex.com
mrozman@govgex.com
617-266-3263 |
