Yield PRO TV Rate Desk June 29, 2020

June 29, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. FFHA extended MF owners GSE forbearance to 6 months with caveats to resident back rent payments.

Rate Desk notes June 29, 2020
• Indices up
• Crude $39.68
• UST yields .63
• 223(f) 2.44%
• 221(d)(4) 3.08%
• Fannie 2.87%
• Freddie 3.10%
• FFHA extended MF owners GSE forbearance to 6 months
• Required:
o 6 month suspension on evictions
o No late fees or penalties for non-payment of rent
o Allow resident to repay back rent over 24 months
• FHA map guide slated for Q3/Q4 2020
• HUD application queue 2-3 weeks