Small Business Administration: Secondary Market for Guaranteed Portions of 7(a) Loans

T-GGD-98-184 Published: Sep 23, 1998. Publicly Released: Sep 23, 1998.
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Pursuant to a congressional request, GAO discussed the Small Business Administration (SBA) 7(a) guaranteed loans secondary market, focusing on the: (1) benefits generally provided by secondary loan markets; (2) characteristics of the secondary market for federal government guaranteed mortgage loans; and (3) characteristics of the guaranteed 7(a) secondary market in relation to those of the Government National Mortgage Association (Ginnie Mae) mortgage-backed securities (MBS) secondary market.

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