Regulacje i polityka gospodarcza · 19/10/2022

HUD Proposes Transitioning Adjustable Rate Mortgages From LIBOR to Alternate Indices

The U.S. Department of Housing and Urban Development (HUD) is proposing to remove the London Interbank Offered Rate (LIBOR) as an approved index for adjustable interest rate mortgages (ARMs) and replace it with the Secured Overnight Financing Rate (SOFR), a Secretary-approved index for newly originated forward ARMs.