Yield PRO TV Rate Desk May 19, 2020

May 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Statutory waivers, bridge money and SFR HUD FHA multifamily loans.

Rate Desk Notes May 19, 2020
• Indices down
• Crude $32.36
• UST yields .69
• 223(f) 2.52%
• 221(d)(4) 3.17%
• Fannie 3.20%
• Freddie 3.20%
• East Coast HUD overwhelmed
• Holding off new concept meetings
• HUD statutory waivers up to 315% in high cost markets
• Bridge money available for some acquisition/rehab
• LTC 65-75% and LTV on year 3 value will be 75% and less
• SFR for HUD FHA multifamily loan unavailable (SW region)
• Exception for affordable housing portfolios with SFR