New LIBOR Transition Webpage
Today Fannie Mae introduces its LIBOR Transition webpage, which serves as the centralized location for information, updates, and resources to assist stakeholders in preparing for the transition from the London Interbank Offered Rate (LIBOR) to an alternative reference rate. The webpage provides information for all impacted products at Fannie Mae for Single-Family sellers and servicers, Multifamily lenders, and investors.
Currently, the webpage includes the following documents:
- LIBOR transition related announcements
- Frequently Asked Questions (FAQs) for the Enterprise and its products and programs, including Single-Family Adjustable-Rate Mortgages (ARMs), Multifamily ARMs, Single-Family and Multifamily Connecticut Avenue Securities®, and Collateralized Mortgage Obligations (CMOs)
- Playbooks, including timelines, for Single-Family ARMs and Mortgage-Backed Securities (MBS), Multifamily ARMs and MBS, Single-Family and Multifamily CAS, and CMOs
The webpage will be updated with relevant information and announcements for all impacted products as additional details become available.
Under the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (collectively, the Enterprises) have been working together on several aspects of the LIBOR transition. Where appropriate, the Enterprises have aligned policies and milestones. Readers are strongly encouraged to review Freddie Mac's webpage to determine any differences.