Director, Office of Single Family Asset Management

2502-AJ51 202104 Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Removal of LIBOR as Interest Rate Index Under 24 CFR 203 and 24 CFR 206 (FR-6151)

FHA uses the London Interbank Offered Rate (LIBOR) in determining interest rates on Adjustable Rate Mortgages. The LIBOR will be replaced with a new benchmark in 2021. The Secured Overnight Financing Rate (SOFR) is considered the likely successor to LIBOR. HUD seeks to revise the regulations to replace the LIBOR as the rate used to determine interest rates.

]]> Other Significant Previously Published in The Unified Agenda Prerule Stage No No 24 CFR 203 24 CFR 206 12 U.S.C. 1709 and 1710 12 U.S.C. 1715b 12 U.S.C. 1715z-16 12 U.S.C. 1715u 42 U.S.C. 3535(d) No ANPRM 07/00/2021 No No None No No No No Elissa Saunders Director, Office of Single Family Asset Management 2502 Office of Housing OH 202 402-2378 100 South Charles Street , 11th Floor, Baltimore MD 21201