Freddie Mac issued Bulletin 2019-10, restricting the purchase of LIBOR ARMs due to the anticipated discontinuance of the LIBOR index in 2021. Per the Bulletin, Freddie Mac will no longer purchase LIBOR ARMs with settlement dates more than 6 months after the note date. Freddie Mac will continue to purchase newly originated LIBOR ARMs while working with the industry on a LIBOR index transition plan. The Bulletin is effective immediately.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
