Compliance News: FHLMC Releases New SOFR ARM Notes and ARM Riders
Today, FHLMC published Bulletin 2020-9, which announces FHLMC’s “eligibility, underwriting and delivery requirements for SOFR-indexed ARMs [and] the availability of new ARM Notes and riders specific to the SOFR ARM offering.”
Lenders may immediately begin to underwrite borrowers for their SOFR programs and,…