November 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. $11.5 billion in HUD lending in 2020 and getting ahead by addressing non-critical repairs in your PCNA before applying for a HUD loan.
Rate Desk notes November 4, 2020
- Indices up
- UST yields .78
- Crude $39.05
- 223(f) 2.37%
- 221(d)(4) 2.97%
- Fannie 2.82%
- Freddie 3.10%
- Top 10 HUD lenders reporting $11.5 billion in firm commitments in 2020
- SE region total $3.3 billion (largest loan type: 223(f))
- Walker and Dunlop starting to quote Secured Overnight Financing Rate (SOFR)
- SOFR tracking just below 1-month LIBOR
- Physical Capital Needs Assessment (PCNA) completed before applying for HUD loan
- Address non-critical repairs in PCNA
