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May 16, 2023
HUD recently published Mortgagee Letter 2023-09 (ML) to implement the provisions of the Adjustable Rate Mortgages: Transitioning from London Interbank Offered Rate (LIBOR) to...
May 2, 2023
The FHA has implemented the shift away from the LIBOR index while also publishing new model HECM note documents.
September 21, 2022
<p><span>Today Refinitiv commences publication of forward-looking term rate versions of its ARRC recommended fallback rates - USD IBOR Cash Fallbacks. This follows the Alternative Reference Rates Committee&rsquo;s (ARRC) March 2021&nbsp;</span><a title="ARRC press release" href="https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2021/20210317-press-release-Spread-Adjustment-Vendor-Refinitiv.pdf">announcement</a><span>&...