November 18, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD requirements tightening in response to record submissions. Requiring complete applications to speed up processing times.
Rate Desk notes November 18, 2020
- Indices down
- UST yields .87
- Crude $41.66
- 223(f) 2.39%
- 221(d)(4) 2.99%
- Fannie 2.94%
- Freddie 3.30%
- Procedure update for HUD MF lenders in the West requires:
- Complete applications
- CNA noting Fair Housing Accessibility
- 5 days to cure, HUD keeps app fee after the second fail
- Priority: affordable housing processing
- New construction and tax credits
