Rate Desk Monday, June 29, 2020

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June 29, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. FFHA extended MF owners GSE forbearance to 6 months with caveats to resident back rent payments.

Rate Desk notes June 29, 2020
  • Indices up
  • Crude $39.68
  • UST yields .63
  • 223(f) 2.44%
  • 221(d)(4) 3.08%
  • Fannie 2.87%
  • Freddie 3.10%
  • FFHA extended MF owners GSE forbearance to 6 months
  • Required:
    • 6 month suspension on evictions
    • No late fees or penalties for non-payment of rent
    • Allow resident to repay back rent over 24 months
  • FHA map guide slated for Q3/Q4 2020
  • HUD application queue 2-3 weeks