Product Hatching Ideas

USDA (RD) Interest Rate Cap Not Applied to Marksman

In Marksman, there is no interest rate cap applied to Rural Development (RD) loans. The cap that should be applied is the current Fannie Mae yield for 90-day delivery (actual/actual) for 30-year fixed rate conventional loans (found at, rounded up to the nearest one-quarter of 1 percent, plusĀ 100 basis points (1.00 percentage point).

  • Lori Rezac
  • May 8 2017
  • Moved to Prioritzation
Rating BOB-4
Revenue or Retention? Retention
Workaround Present Yes
Impact to Existing Customers
Customer ID(s)
Business Value 3 - Important to moderate number, moderate impact on brand, moderate competitive advantage
Urgency 2 - Minimally time constrained
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