MBA Provides Templates to Advise Borrowers of Upcoming LIBOR Transition
By EsqSocial Corporation 30/04/21
The Mortgage Bankers Association (MBA) recently released templates, one in a notice form and one in letter form, to advise borrowers with existing adjustable rate mortgage (ARM) loans that use the London Interbank Offered Rate (LIBOR) as the index of the upcoming transition away from LIBOR. The templates are available on the MBA’s LIBOR Transition Resources webpage....
By: Ballard Spahr LLP