Page 4 - Benchmark Administration News Today

Fintech provider LoanPASS integrated its PPE with ICE Mortgage Technology, a part of Intercontinental Exchange, Inc.

Although the transition from LIBOR interest rates has been planned for quite some time now, Fannie Mae and Freddie Mac recently provided additional details of the necessary changes to outstanding...

Tim Bowler will lead ICE Mortgage Technology, which is eyeing increased sales of Encompass, its loan origination system, in 2023.

Want to really let someone know that you’re no longer interested in them? For $10 the San Antonio Zoo is offering a special Valentine’s Day greeting for exes who keep bugging you after you part ways: naming a cockroach after your not-so-special someone and feeding it to an animal. What about when a lender parts ways with a loan officer? Obviously a new company may not have the same product set, and good luck to LOs who rely on one product and then are cut loose, especially if it is...

On December 16, 2022, the Board of Governors of the Federal Reserve System (the "Board") adopted a final rule (the "Final Rule") to implement the Adjustable Interest Rate...

Nasdaq launches Custom Basket Calculation Service Nasdaq today announced the launch of Nasdaq Custom Basket Calculation Service (CBCS). The introduction of CBCS to the market is driven by the increasing demand

Ice launches CME rival as fallback for loans but market ambivalence may put endorsement out of reach

To print this article, all you need is to be registered or login on Mondaq.com. The upcoming transition from LIBOR, which is published by ICE Benchmark Administration Limited (IBA), to the Secured Overnight Funds Rate (SOFR), which is published by the New York Federal Reserve Bank (NYFRB), has prompted a great deal of discussion in the world of leveraged finance. In particular, the transition from LIBOR to SOFR creates a number of potential issues and pitfalls under exis...

As widely expected, the United Kingdom's Financial Conduct Authority (FCA), the regulator for Libor (the London Interbank Offered Rate), has issued an announcement confirming that all...

To embed, copy and paste the code into your website or blog: The London Interbank Offered Rate (“LIBOR”) is a benchmark interest rate index used in setting the interest rate for many variable-rate loans and other financial obligations.  LIBOR is currently set to be phased out in stages, with the first stage scheduled to begin at the end of this year.  This phase-out poses a number of risks to borrowers with outstanding LIBOR-based financial obligations.  In this blog, we discuss the step...