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Market insights, educational content, and data analysis from a whole loan trading desk with 30+ years of fixed income experience.
  • Market Update5 min read2026-03-07

    SBA 7(a) Secondary Market Premiums: Where They Stand in 2026

    Current premium levels for SBA 7(a) guaranteed portions, what is driving pricing, and what traders should watch for in the coming quarters.

    By Stephen Bone

  • Market Update5 min read2026-03-01

    Credit Union Participation Market: 2026 Outlook

    How credit union loan participations are evolving - sectors in demand, pricing trends, and what CU buyers and sellers should expect.

    By Stephen Bone

  • Education7 min read2026-02-20

    Understanding OAS for Whole Loans: Why It Matters and How It Works

    A trader-level explanation of Option-Adjusted Spread for whole loan investors - what it measures, how it differs from nominal spread, and when to use it.

    By Stephen Bone

  • Education6 min read2026-02-10

    CECL for Credit Unions: Lessons From the First Full Year

    What credit unions learned from their first year of CECL implementation - common mistakes, examiner feedback, and how to improve for year two.

    By Stephen Bone

  • Product6 min read2026-01-25

    The Technology Gap in Whole Loan Trading

    Why the whole loan market still runs on spreadsheets - and what institutional-grade analytics should actually look like for non-agency loans.

    By Stephen Bone

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