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Longbridge Financial

Latest Posts

Unfrozen LIBOR SWAP Rate Creates Opportunities for Reverse Mortgage Lenders, Borrowers 

May 28, 2020By

Last week, the Intercontinental Exchange (ICE) Benchmark Administration published a new 10-year London Interbank Offered Rate (LIBOR) SWAP rate for the first time since February 27, which came in this week at an estimated 45% lower than the previously-published rate. This presents a new opportunity for reverse mortgage borrowers to get a higher level of […]