Yield PRO TV Rate Desk May 4, 2020

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%