Rate Desk May 19, 2020

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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