Weak Contract Language Could Lead to Post-Libor ARM Securities Losses

National Mortgage News, Sept. 18, 2020–Brad Finkelstein (subscription)
Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.
https://www.nationalmortgagenews.com/news/weak-contract-language-could-lead-to-post-libor-arm-securities-losses