FedFin on: LIBOR Mortis

2023-06-20T15:10:04-04:00October 12th, 2021|The Vault|

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.

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