No new LIBOR loans will be allowed after this year, but there’s also the matter of what to do with roughly $1.4 trillion in existing loans tied to LIBOR.
Source: Inman News
It’s the end of the road for LIBOR mortgages
Published in adjustable-rate mortgage, arm, ARM loan, CFPB, Consumer Financial Protection Bureau, Davida Farrar, libor, London Interbank Offered Rate, Mortgage, Regulations, rohit chopra and SOFR
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