Yield PRO TV Rate Desk April 13, 2020

April 13 edition
• Markets down on OPEC deal
• UST .731 bp
• 223(f) 2.76
• 221(d)(4) 3.41
• Fannie 3.32
• Freddie 3.50
• HUD issued guidance
• HUD open for business
• Sourcing new construction and refinance debt through mortgage insurance programs
• 9 months of PNI and MIP set aside
• Fund reserve with cash-out
• Huge opportunity with current market

PRO takeaways:
• Keep your powder dry
• Cash is king
• Follow the money