Capital Markets & Lock Desk · Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC (NMLS #2827624)
Wholesale DSCR Rate Lock, 5-Yr Treasury Spread & Float-Down Policy
Direct Capital-Markets Answer: Unlike conventional Fannie Mae mortgages priced off UMBS 30-year agency coupons, 30-year fixed DSCR loans are securitized in Non-QM RMBS pools benchmarked primarily against the 5-Year and 10-Year US Treasury yield plus a 185 to 265 bps credit spread. Because we broker across 38+ wholesale DSCR conduits simultaneously, you gain a structural multi-conduit float-down advantage if Treasury yields drop prior to closing.
-0.125 pts Price Credit
15-Day Express Lock
Eligibility: Appraisal & Title In-Hand + Clear-to-Close Within 15 Days
Float-Down Rule: 1x Float-Down if 5-Yr Treasury drops ≥ 25 bps prior to CD/Closing Package
0.000 pts (Par Benchmark)
30-Day Standard Wholesale Lock
Eligibility: Appraisal Ordered + Initial Underwriting Submission
Float-Down Rule: 1x Float-Down or Conduit Re-Lock if rate sheets improve by ≥ 0.25% in note rate
+0.125 pts Lock Extension Cost
45-Day Extended Lock (1031 / Portfolio)
Eligibility: Ideal for Multi-Property Blanket Loans, 5–9u Commercial, or 1031 Exchanges
Float-Down Rule: 1x Float-Down available up to 5 business days before funding