Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Fannie and Freddie transitioning away from LIBOR
The Federal Housing Finance Agency has issued a press release announcing additional steps Fannie Mae and Freddie Mac are taking as they transition away from the London Interbank Offered Rate (LIBOR) benchmark.
- New language will be required for single-family Uniform Adjustable Rate Mortgage (ARM) instruments closed on or after June 1, 2020;
- All LIBOR-based single-family and multifamily ARMs must have loan application dates on or before September 30, 2020 to be eligible for acquisition; and,
- Acquisitions of single-family and multifamily LIBOR ARMs will cease on or before December 31, 2020.
Additional information is available on the FHFA's LIBOR Transition page.
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