Yield PRO TV Rate Desk May 20, 2020

May 20, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. New rules on CRA evaluations and the potential impact on tax credit investors.

Rate Desk Notes May 20, 2020
• Indices up
• Crude $33.52
• UST yields .68
• 223(f) 2.52%
• 221(d)(4) 3.17%
• Fannie 3.20%
• Freddie 3.20%
• Facebook hits an all-time high
• New economy (tech) vs old (brick and mortar)
• OCC passes new rules on CRA evaluations
• Now includes deposit share (internet banks)
• Multiple banking regulators (OCC, FRB, FDIC and CFPB)
• New social impact position which encompasses CRA
• Potential impact on tax credit investors, specifically LIHTC and NM