LIBOR Transition and Legal Issues for CRE Finance
One of the most significant transitions occurring 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 focus on legal issues, helping you understand the challenges and items to be closely monitoring and addressing to prepare.