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ABA: The American Bankers Association
Compliance News

ARRC Releases White Paper on Using SOFR Average for ARM Products

The Alternative Reference Rates Committee released a white paper that shows how to use an average of the Secured Overnight Financing Rate to structure adjustable-rate mortgages in a way that’s comparable to current ARM loans.

The Alternative Reference Rates Committee released a white paper that shows how to use an average of the Secured Overnight Financing Rate to structure adjustable-rate mortgages in a way that’s comparable to current ARM loans.