Fannie Mae and Freddie Mac announced replacement rates for legacy LIBOR loans and securities.
Tag: SOFR
MBA, Trade Groups Urge Senate Banking Committee to Approve LIBOR ‘Tough Legacy’ Legislation
The Mortgage Bankers Association and nearly two dozen industry trade groups urged members of the Senate Banking Committee to support federal legislation to address “tough legacy” contracts that currently reference LIBOR.
Brace for Impact: CRE Finance Implications of Transition Away from LIBOR
The finance industry’s march towards transition away from LIBOR index continues as the third quarter approaches. For all the talk of upward revisions to economic growth projections, the market still awaits the first balance sheet commercial mortgage loan based on SOFR index.
May 10: Arc of LIBOR History Bends Toward SOFR
Investment and finance industries including commercial real estate continue toward the pending transition away from LIBOR benchmarks for floating-rate debt. Join the Mortgage Bankers Association as CRE finance industry experts share their expectations, insights and experiences.
MBA LIBOR Transition Updates
It has been a busy time for LIBOR transition progress, so here are the latest updates.
Dechert LLP LIBORCast Interviews MBA’s Mike Flood
Last week, as part of Dechert LLP’s ongoing LIBORcast podcast series, Rick Jones, partner and co-head of Dechert’s Global Finance Practice, interviewed MBA’s Mike Flood on the LIBOR transition.
MBA LIBOR Transition Survey for Commercial/Multifamily Members
On Friday MBA circulated a survey on LIBOR transition to commercial/multifamily members. The brief survey is designed for commercial mortgage lenders, but also includes servicers, special servicers, and service providers that likely may be directly or indirectly impacted by the transition.
The Latest on LIBOR Transition with Metlife’s Reena Pally
MBA NewsLink interviewed Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans.
Sharon Walker: Multifamily Market Musings
The multifamily lending markets are ripe with interesting developments from the GSEs this year, whether it be re-proposed capital rules, LIBOR transition or ongoing responses to COVID-19.
GSE Next Steps in the LIBOR to SOFR Transition Discussion on Apr. 15
Join MBA on April 15th at 2:00 PM ET for a call with commercial and multifamily members that will discuss LIBOR to SOFR transition issues.