WASHINGTON, Dec. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the replacement indices for the legacy LIBOR loans and securities for which Fannie Mae is responsible for selecting ...

MEMPHIS, Tenn., April 25, 2023 /PRNewswire/ -- First Horizon Corporation (FHN) (NYSE: FHN or "First Horizon") today announced that, after June 30, 2023, US dollar LIBOR will be replaced with CME Term ...

Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...

More than a decade out from the Great Recession, it might be hard to remember the sheer scope of misdeeds that led to the second worst financial crisis in modern history. While the proliferation of ...

On December 16, 2022, the Federal Reserve Board adopted the final rule (the “Final Rule”) 1 implementing the Adjustable Interest Rate (LIBOR) Act (the “Libor Act”), which establishes benchmark ...

PennyMac Mortgage Investment Trust Announces LIBOR Replacement Rate for its Series A and Series B Preferred Shares August 25, 2023 04:30 PM Eastern Daylight Time ...

These Legacy LIBOR Instruments provide by their terms that USD LIBOR will be replaced by a rate that matches the Board-selected benchmark replacement if the issuer determines that a benchmark ...

CHARLOTTE, N.C., May 26, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain ...

Our Financial Services & Products Group discusses the status of the financial industry’s transition away from LIBOR, including the final rule identifying replacement benchmarks that was recently ...