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Statement

FHFA Statement in Support of the Alternative Reference Rates Committee's (ARRC) White Paper on Transition to SOFR

FOR IMMEDIATE RELEASE
7/11/2019

​“FHFA commends the work of the ARRC and the release today of a White Paper outlining a framework for developing newly-originated consumer residential ARM products using SOFR.  FHFA is committed to the important work of developing a path to a successful transition away from LIBOR.”

​This statement may be attributed to FHFA Principal Deputy Director Adolfo Marzol.

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​The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide nearly $6.3 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.
Contacts:
Media: Stefanie Johnson (202) 649-3030​
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