LIBOR Mortis

Although the majority of FHA ARMs are now LIBOR-linked, HUD has been waiting for Congress, the Fed, or forces on high to help it set a new benchmark.  Although deliverance may come, HUD has now taken the belated step of tentatively starting its own replacement-benchmark exercise.  What it does how for whom will of course drive not just all FHA loans, but also the market as a whole.

GSE-101221.pdf