August 26, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Markets close on record highs and HUD offices hit record volume, with Southeast office closing over $3.4 billion in 2020.
Rate Desk notes August 26, 2020
- Indices up, record highs
- UST yields .69
- Crude $43.40
- 223(f) 2.20%
- 221(d)(4) 2.80%
- Fannie 2.87%
- Freddie 3.09%
- GSEs shifting to conservative lending for traditional student housing
- Scrutinizing collections and occupancy
- July rents are stabilizing
- Up $2 on average per rent in July
- HUD: record volume
- Southeast region up $800M Y/Y
- SE HUD office closed 188 loans for +$3.4B in 2020
