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Four tranches of AAA-rated notes in the $342.2 million JPMorgan Mortgage Trust 2020-8 may utilize a term-SOFR rate should the benchmark improve on the weighted-average coupon of the deal.October 29
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The Libor transition is creating huge headaches for the industry; harnessing AI technologies may be the key to tackling it.October 23
Director of Product Marketing for Data CaptureABBYY
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While using the 30-day SOFR as its index, Freddie Mac structured the deal so it could shift to a one-month term if and when that rate is approved.October 19
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In a critical development in the global shift away from old benchmarks that was triggered by Libor's shortcomings, interest-rate swaps on more than $80 trillion in notional debt will transition this weekend to a new rate for determining their value.October 15
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The Consumer Financial Protection Bureau's overhaul of its Qualified Mortgage standard is alarming free-market advocates who say it will precipitate a return to easy credit and higher defaults and could disproportionately harm minorities.October 8
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LIBORThe restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.September 21
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Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.September 18
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The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.September 16
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This proposed Libor replacement is an imaginary, backward-looking benchmark dreamed up by the economists at the Fed with no discernible market.September 2
ChairmanWhalen Global Advisors LLC
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The Consumer Financial Protection Bureau seeks to address challenged posed by the sunset of the London interbank offered rate at the end of 2021.June 4
