Estimating economic exposure to COVID-19
Two recent studies, one by Yardi Matrix and one by WalletHub, attempt to identify the regions of the country where the local economy is most likely to be impacted in response to the COVID-19...
Rate Desk April 15, 2020
Rate Desk April 15 edition: Markets down from yesterday UST .643 bp 223(f) 2.55-2.72% 221(d)(4) 3.20-3.37% Fannie 3.21% Freddie 3.50% Forbearance: 30 days with two 30 day extensions (90 days total) No evictions or...
Rate Desk April 14, 2020
Rate desk April 14 edition: All markets are up UST .736 bp 223(f) 2.55% 221(d)(4) 3.20% Fannie 3.25% Freddie 3.50% TEB 3.59% TEL 3.05% HUD affordable housing segmented LIHTC into two categories: new and...
NMHC Research Foundation releases new study on apartment filtering
The NMHC Research Foundation released a pioneering new study exploring the impact of the filtering process on apartment housing. A better understanding of the detailed nature of our housing affordability challenges is more important than...
Rate Desk April 13, 2020
April 13 edition Markets down on OPEC deal UST .731 bp 223(f) 2.76 221(d)(4) 3.41 Fannie 3.32 Freddie 3.50 HUD issued guidance HUD open for business Sourcing new construction and refinance debt through mortgage...
HUD implements new CARES Act multifamily mortgage payment relief to maintain and preserve affordable...
The U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages...
Rate Desk April 10, 2020
April 10 edition Markets up double digits UST ended .72 bp Closed for Good Friday 223(f) 2.60-2.65 221(d)(4) 3.30-3.60 Fannie 3.32% Freddie 3.40% HUD San Fran office issues Q&A on construction/rehab loans Stay-at-home order...
Rate Desk April 9, 2020
April 9 edition Fed: $2.3 trillion loans for midsize businesses, US cities and states UST range bound .72-.74 bp Fed includes CMBS AAA securities in TALF FHA rates 223(f) flat 2.60-2.65 221(d)(4) 3.30-3.60 GSE's...
Rate Desk April 8, 2020
April 8 edition DJIA up—23K UST .74 bp Congress to add $250 billion to PPP SBA program FHA rates- 223(f) 2.59% 221(d)(4) 3.60% GSE’s flat today, reaching normal Fannie 3.36% Freddie 3.44% Document financial...
Study shows April rent payments delayed
A study by the National Multifamily Housing Council (NMHC) using data provided by 5 leading property management software (PMS) providers found a 12-percentage point decrease in the share of apartment households that paid April...
Rate Desk April 7, 2020
April 7 edition DJIA up 22,789 V-shaped recovery possible Stocks on track for 2-day win US Treasury opened at .77 FHA 223(f) tightened 2.57% FHA 221(d)(4) still 3.30% Fannie 3.36% Freddie 3.44% Freddie requires...
Apartment industry calls on Congress to provide additional support to residents, rental owners and...
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate Congress and the Administration’s quick action on the Coronavirus Aid, and Economic Security Act, (CARES Act). While many of its provisions...
Megacities in the future
An article by Edward Ring on the California Policy Center website titled “Sustainable Megacities” presents interesting facts and discusses a number of emerging technologies that may be employed in cities in the future. Hollowing out...
Rate Desk April 6, 2020
April 6 edition Stocks were up and erased last week’s declines 10 year US treasury at 68 bp HUD/FHA 223(f) acquisition and refinancing rates at 2.60% HUD/FHA 221(d)(4) New construction and sub rehab rates:...
Rate Desk April 3, 2020
April 3 edition HUD FHA rates at 2.80 for 223F New construction at 3.50 (40 year fixed) 10 year US treasury at 59 bp HUD requiring reporting of impacts of C-19 HUD and agency...
