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ARTICLE · 28 MARCH 2023

IBOR Transition Digest - March 17, 2023

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The IBOR Transition Digest is a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants...

United StatesFinance and Banking
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The IBOR Transition Digest is a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they continue to transition from LIBOR and its variants to replacement benchmark interest rates. As the market moves to the next phase of IBOR transition, it is critical to have access to comprehensive and timely resources about the market.

THOUGHT LEADERSHIP

Fannie and Freddie Confirm Choice of SOFR as Replacement for LIBOR in Existing Mortgage Loans
Consumer Financial Services Review blog, 12 February 2023
Fannie Mae and Freddie Mac have provided additional details of the necessary changes to outstanding adjustable-rate mortgage loans that currently are linked to LIBOR indices, largely mirroring the changes mandated in the Adjustable Interest Rate (LIBOR) Act, as well as current practice for new Fannie Mae and Freddie Mac loans.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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