Recently, Fannie Mae and Freddie Mac made the decision to stop accepting loans that are tied to LIBOR a year earlier than the transition is required. Both Fannie and Freddie are part of the Alternative Reference Rates Committee, which has been working to come up with a LIBOR alternative for several years, so it is clear why they might choose to lead the charge. Still, many believe this decision could help encourage others to join in the early transition.

Read more via National Mortgage News.