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.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
