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US mortgage giants Fannie Mae, Freddie Mac to transition Libor-tied contracts to SOFR-based index

( December 22, 2022, 17:57 GMT | Official Statement) -- MLex Summary: US mortgage giants Fannie Mae and Freddie Mac said they would transition their legacy Libor-indexed contracts to an index based on the Secured Overnight Financing Rate for certain loans and securities. The transition will occur July 1, 2023, the day after the June 30 final publication date for a representative rate for all remaining US dollar Libor tenors.See document below. ...

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