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
