Rate Desk May 4, 2020

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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%