April 13 edition
- Markets down on OPEC deal
- UST .731 bp
- 223(f) 2.76
- 221(d)(4) 3.41
- Fannie 3.32
- Freddie 3.50
- HUD issued guidance
- HUD open for business
- Sourcing new construction and refinance debt through mortgage insurance programs
- 9 months of P&I and MIP set aside
- Fund reserve with cash-out
- Huge opportunity with current market
PRO takeaways:
- Keep your powder dry
- Cash is king
- Follow the money
