Yield PRO TV Rate Desk May 4, 2020
3 years ago
8
May 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What’s happened with HUD loans, stat waivers and working capital requirements.
Rate Desk May 4, 2020 edition
• Indices up
• Crude oil $21.27
• UST yields up .64 bp
• 223(f) 2.60%
• 221(d)(4) 3.25%
• Fannie 3.20%
• Freddie 3.40%
• HUD moving forward with new construction loans
• Approved stat waiver up to 30%
• HUD approved 15-month IOD
• New construction HUD working capital raised to 3%
• Hard cost contingencies remain at 2%
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