SEC Calls for Orderly Transition Away From LIBOR

July 16, 2019

National Mortgage Professional, July 15, 2019--Phil Hall
The Securities and Exchange Commission called on market participants to "proactively manage their transition" away from the London Interbank Offered Rate, which is set to expire in 2021. In June, the Mortgage Bankers Association's LIBOR Outreach Committee found 92 percent of the commercial and multifamily mortgage lenders it polled have already begun planning for the transition away from LIBOR, with 77 percent already including adjusted LIBOR fallback language in all new loan documents.

Full Story
Share this article