Ginnie Mae Publishes LIBOR Index Transition Reference Guide

Ginnie Mae Publishes LIBOR Index Transition Reference Guide

Ginnie Mae published a LIBOR Index Transition Reference Guide to assist stakeholders in preparing for the transition away from the London Interbank Offered Rate to a replacement index between now the LIBOR cessation date of June 30, 2023.

The Guide included sections on the HECM program that summarized what has been done thus far to begin the transition process. The Guide further noted, “A transition plan for legacy LIBOR HMBS is under analysis. No LIBOR transition policies with respect to legacy LIBOR HMBS have been released.”

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.