Some experts think the Federal Reserve Bank of New York Secured Overnight Finance Rate has the best chance of being the replacement. Why replace it? The London Banks lied. It is scandal-plagued. Something must be done by the end of 2021. LIBOR is to be phased out by then. It will be interesting to see […]
Jim Eszlinger, our Speaker of the Decade from San Diego, sent us an update on this Index. Appreciate the update Jim. Can you imagine, English Bankers lied? I just received a HUD Counseling Certificate, and they are still talking LIBOR. What is going to happen in five years, for example, when loans were to adjust […]
