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» LIBOR Termination Has Potential to Benefit ARM and Reverse Mortgage Borrowers as Index Shifts to SOFR
LIBOR Termination Has Potential to Benefit ARM and Reverse Mortgage Borrowers as Index Shifts to SOFR
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Borrowers with adjustable-rate and reverse mortgages may benefit significantly from the phase-out of the London Interbank Offered Rate (LIBOR), according to new research by the Urban Institute. But the news is not so good for investors.