MetaSource Mortgage Blog

Servicer Worries Compounded by Prospect of Having to Scrutinize Portfolio of ARMs for LIBOR Terms

Monday, July 01, 2019

Servicer Worries Compounded by Prospect of Having to Scrutinize Portfolio of ARMs for Terms

Uncertainty over what will replace the long-used London interbank offered rate (LIBOR) as an index for adjustable rate mortgages (ARMs) if it is phased out in 2021 as expected has mortgage servicers with large portfolios of adjustable rate loans scrambling to establish next steps.

The head of pricing and execution for Freddie Mac described industry concerns as “almost Y2K-ish” according to a National Mortgage News account of a recent panel discussion at the Mortgage Bankers Association National Secondary Market Conference.

In April, the publication described “an alarming lack of progress” in preparations for conversion in the two years since it became known that LIBOR was on its way out as a global reference lending rate.

  text

MetaSource Mortgage Posts Periodic Table of Mortgage Industry Acronyms for Lenders, Media, and Consumer Advocates

Thursday, June 24, 2010

Mortgage fulfillment outsource services expert MetaSource Mortgage (formerly Titan Lenders Corp) has assembled and developed a glossary of mortgage industry terms in the format of a periodic table of acronyms posted to its website. The page where the glossary is posted requires no user registration and the information is provided as an educational service to improve general understanding of the mortgage industry.  text


Request more information here
Contact Sales (888) 556-0796 or Technical Support (877) 741-6867