LIBOR 101: Transition Basics for CRE Finance Market
One of the most significant transitions to occur in financial markets is the move to phase out LIBOR as the predominant interest rate benchmark. This transition, which will have major impacts on the mortgage industry - including the market for adjustable-rate mortgages - is moving full steam ahead, as LIBOR is expected to be discontinued at or near the end of 2021. Market participants of all types and sizes need to be prepared to handle changes that will be necessary for both new originations and legacy products.
The LIBOR transition is entering its home stretch. If you haven't been paying close attention, this session will serve as your chance to catch up, learn what you've missed, and see what's in store in the coming months. We will cover the basics, helping you understand why LIBOR is likely to be discontinued, how regulators and market participants are moving forward, and what alternatives are available.