SBA 504 secondary market details

The October 30, 2009 Federal Register contained a notice on the interim final rule for the first mortgage secondary pool for the 504 program. Contact your Evergreen Loan Officer to find out what you need to do to assure your 504 first mortgage is eligible for sale in the Secondary Market. For those looking for details, SBA has since released a first mortgage lender guide:

• Federal Register Notice on Interim Final Rule for ARRA 504 Secondary Market
• SBA First Lien Position 504 Loan Pooling Program Guide