Browsing: Libor

Newsbytes Libor transition communications solution launched

The Depository Trust and Clearing Corporation this week announced the launch of the Libor Benchmark Replacement Index solution to support the industry’s transition from Libor benchmark rates to Secured Overnight Financing Rate Data and other new fallback rate indices by June 30.

Mortgage FHA issues final rule for transitioning ARMs off Libor

The Federal Housing Administration this week published a final rule removing Libor as an approved index for adjustable-rate mortgages and replacing it with the Secured Overnight Financing Rate as the approved index for newly originated forward ARMs, effective March 31.

Mortgage Fannie, Freddie announce Libor transition plans

Fannie Mae and Freddie Mac today announced plans to transition legacy Libor loans and securities to the Secured Overnight Financing Rate, the Alternative Reference Rates Committee’s preferred Libor alternative.

Newsbytes Fed adopts final rule implementing Libor Act

The Federal Reserve today adopted a final rule that implements the Adjustable Interest Rate Act by identifying benchmark rates based on the Secured Overnight Financing Rate that will replace Libor in certain financial contracts after June 30, 2023.

1 2 3 16