Yield PRO TV Rate Desk June 1, 2020

June 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Housing is central issue in economic disparity and a mutually beneficial carrot drives more investment dollars.

Rate Desk notes June 1, 2020
• Indices up
• Crude $35.64
• UST yields .66
• 223(f) 2.48%
• 221(d)(4) 3.13%
• Fannie 3.18%
• Freddie 3.20%
• Housing and economic success
• Carrot or stick?
• LIHTC $8 billion per year to develop and rehabilitate affordable housing
• Work-force mezzanine loan
• Program didn’t pencil and was cancelled after 6 months
• Refocus on new carrot
• Housing is central issue to disparity
• Mutually beneficial carrot drives more investment dollars