Posts Tagged ‘LIBOR’

Treasury Based Reverse Mortgages Going Extinct?

Thursday, June 25th, 2009

 Fannie Mae announced June 1, 2009 that effective September 1, 2009, they will no longer offer reverse mortgages based on the CMT or Constant Maturity Treasury. They will continue to offer the LIBOR (London Interbank Offered Rate) index.

(more…)