Rate Desk April 24, 2020
Rate Desk Notes: April 24, 2020
Indices are up
Crude oil back up to $17 a barrel
UST closing the week .60 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.20%
Freddie 3.50%
Federal Reserve has...
Rate Desk April 23, 2020
Rate Desk notes April 23, 2020
Stocks: 2nd day gains
Crude $17/barrel
UST yields flat .61-.62 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.21%
Freddie 3.50
Offshore investors buy $1.05 billion MF portfolio in West
...
Rate Desk April 22, 2020
Rate Desk Notes: April 22, 2020
Three major indices are up
Crude oil rallies up to $14 a barrel
UST .62 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.25%
Freddie 3.50%
Fannie/Freddie to buy qualified...
Rate Desk April 21, 2020
Rate Desk April 21 edition
All three major indices down
Crude oil back up to $9.69
UST .58 bp
223(f) 2.62%
221(d)(4) 3.27%
Fannie 3.40%
Freddie 3.50%
Millennial household formation down
Renting isn’t a...
Rate Desk April 20, 2020
April 20 edition
S&P and Dow down, Nasdaq up
UPDATE! US oil futures plunged below zero
UST .634 bp
223(f) 2.65%
221(d)(4) 3.30%
Q4 weighted average still under 1%
Extended low long-term fixed rates
...
Rate Desk April 17, 2020
Michael Thomas interviews John Hinder, senior director of the nation’s largest GSE multifamily lender, Walker & Dunlop. Hinder discusses the financing landscape for borrowers in these exceptional times.
Rate Desk April 16, 2020
April 16 edition
S&P and Dow down, Nasdaq up
UST .602
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.17%
Freddie 3.50%
Municipal bonds:
Permanent debt instruments
Revenue bonds paid back by revenue
Publicly rated by rating...
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...
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...
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...
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...
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:...
