Once SOFR has replaced LIBOR, new ARMs will be written referencing the new index. The language recommended by ARRC addresses the interim.

ARRC language would ease the transition from LIBOR to an alternative index based on SOFR.

The novelty of prepayment as a primary risk factor is one of the charms MBS have for foreign investors, particularly sophisticated institutional investors. That’s because it has a relatively low correlation factor with other assets.

Special statutory provisions establish different GSE loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. 

Mortgage REIT Arbor Realty Trust has launched a new platform to provide single-family rental financing...

Craig Phillips: “When a company fails, the capital structure is typically eliminated and there are no shares left.”