May 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Statutory waivers, bridge money and SFR HUD FHA multifamily loans.
Rate Desk Notes May 19, 2020
- Indices down
- Crude $32.36
- UST yields .69
- 223(f) 2.52%
- 221(d)(4) 3.17%
- Fannie 3.20%
- Freddie 3.20%
- East Coast HUD overwhelmed
- Holding off new concept meetings
- HUD statutory waivers up to 315% in high cost markets
- Bridge money available for some acquisition/rehab
- LTC 65-75% and LTV on year 3 value will be 75% and less
- SFR for HUD FHA multifamily loan unavailable (SW region)
- Exception for affordable housing portfolios with SFR
