CMBS conduit loan interest rates, typically set at closing, are based on two numbers added together: the 10-year Swap Rate (Swap) Index and the “Spread” (an amount added to the Swap based on current CMBS bond prices and a profit margin). CMBS conduit loan borrowers are facing a double hit on … [Read more...] about 6.14.13: CMBS Shops Challenged to Hold Spreads in Tough Market
2.26.10:Senator Jim Bunning (R, KY) Says “Tough Sh**” to SBA, Then Reverses
On February 26, Jim Bunning, a Republican senator from Kentucky, single-handedly blocked U.S. Senate action needed to prevent an estimated 1.2 million U.S. workers from prematurely losing their unemployment benefits in March. The bill also included a provision to extend the SBA fee waiver and … [Read more...] about 2.26.10:Senator Jim Bunning (R, KY) Says “Tough Sh**” to SBA, Then Reverses