May 28, 2020
LIBOR Transition Playbook and FAQs Published
Debby Jenkins, EVP Multifamily Business
Today, we take another step forward in our plans to transition away from LIBOR to SOFR as the index to calculate interest for floating-rate debt.
As FHFA announced today, Freddie Mac and Fannie Mae have jointly published a LIBOR Transition Playbook and FAQs to help the housing finance industry transition to SOFR. Both resources are now available on Freddie Mac’s new LIBOR Transition webpage.
The Playbook describes key transition milestones and recommended actions for stakeholders to consider as they manage the upcoming transition from LIBOR. Details will be periodically updated as new information becomes available, and the FAQs provide answers to frequently asked questions about the transition.You’ll find sections specific to Freddie Mac Multifamily in each document.
Freddie Mac Multifamily is committed to providing you with ongoing communications, updates and education about this transition, along with corresponding timelines and offering updates. If you have questions, or feedback, please send us an email to MFLIBOR@freddiemac.com.
We appreciate your partnership and look forward to a smooth transition.
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