Business Team at Laptop Reviewing Calendar

With Federal Housing Finance Agency guidance, Freddie Mac and Fannie Mae have aligned on the retirement of the purchase of LIBOR-indexed ARMs in 2020 and have introduced a suite of ARMs indexed to the Secured Overnight Financing Rate (SOFR).

Review this timeline to help you in your transition planning. We will refine this timeline in the coming months to provide you with more critical information as you work with your vendors and get your systems and processes ready for SOFR ARMs.