Browsing Tag:Officially

updated-fha-formally-drops-libor-for-adjustable-fee-reverse-mortgages-adopts-sofr
The Federal Housing Administration (FHA) officially announced on Thursday that the Home Equity Conversion Mortgage (HECM) program is departing from the London Interbank Offered Rate (LIBOR) index for HECMs with floating rate and instead uses the Secured Overnight Financing Rate (HECM) takes over. SOFR). This became official with the publication of the Mortgagee Letter (ML) 2021-08 published...
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