Yield PRO TV Rate Desk November 4, 2020

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