U.S. RMBS Market Readies Itself for LIBOR Transition

U.S. RMBS Market Readies Itself for LIBOR Transition

The structured finance and residential mortgage backed securities market are currently preparing themselves for an event that is being described as the equivalent of Y2K for banking: December 31, 2021, when the London Interbank Offered Rate (“LIBOR”) will no longer be an available index. When asked about the potential disruption of the market on a […]