It is widely anticipated that the London Interbank Offered Rate (“LIBOR”) will be discontinued in 2021. As LIBOR commonly is used as an index rate for both residential mortgage and consumer loans, its discontinuance has the potential to have a significant impact on lenders, servicers, and consumers. In this Legal Update, we discuss the legal
Freddie Mac is revising its reporting cycle for greater alignment with Fannie Mae and Ginnie Mae, and to help pave the way for Fannie Mae’s and Freddie Mac’s joint initiative to develop a single mortgage-backed security for issuance by both. Read more about it here.
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