Yield PRO TV Rate Desk August 26, 2020

3 years ago
14

August 26, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Markets close on record highs and HUD offices hit record volume, with Southeast office closing over $3.4 billion in 2020.

Rate Desk notes August 26, 2020
• Indices up, record highs
• UST yields .69
• Crude $43.40
• 223(f) 2.20%
• 221(d)(4) 2.80%
• Fannie 2.87%
• Freddie 3.09%
• GSEs shifting to conservative lending for traditional student housing
• Scrutinizing collections and occupancy
• July rents are stabilizing
• Up $2 on average per rent in July
• HUD: record volume
• Southeast region up $800M Y/Y
• SE HUD office closed 188 loans for +$3.4B in 2020

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