Rate Desk Wednesday, September 16, 2020

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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