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August 05, 2009 9:00 ET
GovGex Reports Record Premiums and Volume for July
Fair and Open Exchange Delivers 109% Premiums, Competitive, Transparent Sales
SAN DIEGO, CA--(August 05, 2009) GovGex reports a record month for July 2009, with both premiums and volume hitting new highs. GovGex.com, the fair and open exchange for buying and selling government guaranteed loans, saw premiums reach the mid 109% level on select loans. July volume also grew, with 109 loans worth $42,759,581 presented for sale on GovGex.com.
Below is recent price and trend information on SBA loan sale premiums as reported by the GovGex Independent Pricing Service. GovGex Transactions shows actual bids received on loans presented for sale through GovGex. GovGex PriceEdge™ shows what a Prime + 2 loan of the given term that had just been funded would sell for in each month. PriceEdge robustly captures month-to-month pricing trends, while also controlling for factors including the age of the loan at the time of sale. For 10 year loans, the PriceEdge premium rose just under one percent between June and July, and for 25 year loans, the increase was over 1% once again.
GovGex Transactions - July
Deal Term |
Premium |
25 |
109.4% |
15 |
109.0% |
10 |
108.8% |
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GovGex PriceEdge™ P + 2%
Month |
10 Year |
25 year |
May |
104.4% |
104.9% |
June |
105.5% |
106.4% |
July |
106.4% |
107.4% |
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Note: the PriceEdge information above represents aggregated data. Subscribers of the GovGex Independent Pricing Service™ receive regular updates of actual transactions and bid levels on GovGex - including loan details and high premium and par bids. Recent reports show P+2.75 transactions at 104% to mid 109% range, with only slight changes in loan structure driving premiums. Lenders use the pricing service to structure deals in light of what the market is currently valuing. The GovGex Independent Pricing Service is the only service to provide actual bid levels based on loans presented for sale on GovGex.
About GovGex.com
GovGex is the secure online exchange for selling SBA and USDA loans. GovGex works with a network of over 20 Buyers to ensure loans receive full exposure. GovGex is an independent source for secondary market pricing information - built on actual bid levels as seen on GovGex from all the Buyers. Contact GovGex for all of your secondary market needs.
To learn more, or for free membership, visit www.GovGex.com, or contact us at (617) 381-4906.
About Edgeware Analytics, Inc
Edgeware Analytics, Inc. provides a comprehensive suite of technology products and services to the small business lending marketplace. The company's Small Business Loan Exchange™, BizLX.com™, utilizes powerful analytics to transparently match a broad array of lending marketplace participants including business borrowers, aggregators such as franchisors and business brokers, lenders, secondary market funding sources, and vendors to small businesses. Elements of the Small Business Loan Exchange include SBLX™ connecting business borrowers with lenders, GovGex.com™ connecting sellers and buyers of government guaranteed loans, and the ScoreEdge™ creditworthiness scoring model used by national lenders, certified development companies, credit unions and community banks. Additional information can be found at www.BizLX.com.
Media contact:
Mike Rozman
Edgeware Analytics
mrozman@ew-a.com
888-672-6730 |