Rate Desk April 13, 2020

86

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