September 16, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With HUD volume up nationwide and an expected $21B in commitments, here are some important tips to avoid preliminary rejection.
Rate Desk notes September 16, 2020
- FED rate unchanged
- S&P, Dow up, NASDAQ down
- UST yields .67
- Crude $40.00
- 223(f) 2.15%
- 221(d)(4) 2.75%
- Fannie 2.65%
- Freddie 2.90%
- HUD annual volume up 69%
- HUD expects to issue $20-$21B in commitments in 2020
- Southwest: new construction boom
- HUD tips to avoid preliminary rejection:
- All environmental action plans included
- Capital needs assessment—complete physical inspection BEFORE submission
