Rate Desk Wednesday, November 4, 2020

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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