Items Tagged with 'ARRC'

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  • Fannie Mae, Freddie Mac are building non-LIBOR adjustable-rate mortgages

    GSE officials pledge to roll out new product by 2021's LIBOR expiration
    Seven years after traders were caught boasting in emails and instant messages about cracking open bottles of champagne to celebrate their ability to manipulate the London Interbank Offer Rate, or LIBOR, the Federal Reserve issued a report with the framework for issuing new ARM mortgages based on a U.S. index. Now, Fannie Mae and Freddie Mac are preparing for non-LIBOR ARMs.
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