Rate Desk Wednesday, October 14, 2020

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October 14, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Choosing the right type of lending fits your needs and leveraging the HUD energy efficiency mortgage insurance premium (MIP) on new construction.

Rate Desk notes October 14, 2020
  • Indices down
  • UST yields .72
  • Crude $40.96
  • 223(f) 2.23%
  • 221(d)(4) 2.83%
  • Fannie 2.84%
  • Freddie 3.05%
  • What type of lending fits your needs?
  • Mission of lending: access to capital
  • Conventional v. mission-focused lending
  • HUD launches fully-electronic application submission portal
  • HUD energy efficiency mortgage insurance premium (MIP)
  • Statement of Energy Design Intent (SEDI) from plans
  • Statement of Energy Performance (SEP) 12 months post-closing with usage data
  • ENERGY STAR certification 12 months post-closing based on SEP
  • Annual Data Acquisition plan ($500-$1,000)