Libor going away Archives - Fairview Commercial Lending

$862B in debt in limbo & your jumbo mortgages loan might not close

by Glen | Jul 27, 2017 | Commercial Lending in the news

Today it was announced that Libor will be phased out by 2021. Why is this such big news? According to a fed survey almost 45% of mortgages are linked to Libor and the vast majority of jumbo loans are Libor based. In total there is about 862 billion in short term...

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$862B in debt in limbo & your jumbo mortgages loan might not close

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