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(901) 261-5950

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We help banks, credit unions, and asset managers energize their portfolios and reduce volatility.
  • Trade highly sought-after variable-rate government-guaranteed paper
  • Offer alternative strategies for clients to capitalize on the SBA/USDA market
  • Provide traditional fixed income financial service                                      

    Jewels and Pools by Joel Banes July 2020           

       download: Joel Banes' Jewels and Pools 


Divergence of Prepayment Speeds between MBS and SBA

The tide has turned and fast!

As SBA prepayment speeds creeped up in 2019 a number of investors bailed out. Some investors sold SBA pools at reduced pricing levels and invested in MBS. Some accounts replaced premium SBA pools with buying par SBA pools.

In the meantime, MBS prepayment speeds have accelerated greatly, and SBA prepayment speeds are steadily declining. As such, the hardest hit investors sold SBA pools at reduced prices and purchased premium priced MBS. See More


JOEL BANES (901) 261-5950


Although this information was derived from sources which we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities which may be shown are subject to prior sale and change in price. Past performance is not indicative of future results. Changes in assumptions may have a material effect on projected results. Hanover Securities is a member of FINRA and SIPC.