Lenders that are originating SBA 504 loans (both in the construction/acquisition and refinance program) purely for pooling the first mortgage loan for sale in the secondary market are beginning to shut down those operations in anticipation of the expiration of the program on September 23, 2012. … [Read more...] about 5.22.12: 504 Poolers Begin to Shut Origination Window
6.24.10: New Loan Poolers Will Help Jump Start Secondary Market for 504 Loans
The U.S. Small Business Administration (SBA) announced the first nine loan pool originators authorized by the agency to assemble and sell pools of 504 program first mortgage loans, a major step to jump starting a secondary market that should make fixed-asset financing more widely available for small … [Read more...] about 6.24.10: New Loan Poolers Will Help Jump Start Secondary Market for 504 Loans