SOFR

April 23, 2020

Upon Transition from LIBOR to SOFR

A Look Back at Another Episode of Reference Rate Replacement for an Adjustable-Rate HECM A transition from London Interbank Offered Rate (LIBOR) to Secured Overnight Financing Rate (SOFR) as the new benchmark rate is well underway. Since the publication of SOFR in April 2018, average daily tradin...

February 14, 2020

The End of LIBOR

Hi, I’m Jacqueline Doty, and today I’m going to discuss the end of LIBOR, what it means for lenders and how they should prepare. Sometime after 2021, LIBOR, the London Inter-Bank Offered Rate – the index used to set many adjustable mortgage rates, is expected to be discontinued. Why is it being d...