February 5, 2020

Lender Letter LL-2020-01 – Important Updates to Adjustable-Rate Mortgage (ARM) Products

We've issued a Lender Letter to help prepare our customers for a successful transition from LIBOR ARMs to new SOFR ARM products. Lender Letter LL-2020-01 provides details on updated ARM instruments, retirement of LIBOR ARMs, SOFR ARMs, and the future retirement of CMT ARMs.