May 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What’s happened with HUD loans, stat waivers and working capital requirements.
Rate Desk May 4, 2020 edition
- Indices up
- Crude oil $21.27
- UST yields up .64 bp
- 223(f) 2.60%
- 221(d)(4) 3.25%
- Fannie 3.20%
- Freddie 3.40%
- HUD moving forward with new construction loans
- Approved stat waiver up to 30%
- HUD approved 15-month IOD
- New construction HUD working capital raised to 3%
- Hard cost contingencies remain at 2%
