Joseph Gabai

Joseph Gabai

Morrison & Foerster LLP

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Latest Posts › Adjustable-Rate Mortgage

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Secured Overnight Financing Rate and the Future of the Mortgage Market

On July 11, Fannie Mae and Freddie Mac (the GSEs) announced their plans to develop new adjustable rate mortgage products that would rely on the Secured Overnight Financing Rate (SOFR) instead of LIBOR. Given the GSEs’...more

7/24/2019  /  Adjustable-Rate Mortgage , Financial Institutions , Financial Services Industry , Libor , Mortgages , Secured Overnight Funding Rate (SOFR)
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