Fairway Indepedent Mortgage Corp. Archives

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FIs Prepare For Libor’s Demise

by Bram Berkowitz | Aug 27, 2017

The recent decision to phase out the London Interbank Offered Rate has left banks that issue adjustable rate mortgages tied to the benchmark with plenty of uncertainty. Banker & Tradesman spoke with several community banks in Massachusetts that have issued a significant number of ARMs in recent years, according to data compiled by The Warren Group.

FIs Prepare For Libor’s Demise

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