WASHINGTON, D.C. – Ginnie Mae has published a LIBOR Index Transition Reference Guide (Guide) to assist stakeholders in preparing for the transition from the London Interbank Offered Rate (“LIBOR”) on the LIBOR index cessation date of June 30, 2023. The Guide will serve as an information resource for affected parties.

“Ginnie Mae is committed to a smooth and efficient transition from LIBOR and the broad acceptance of a new and liquid alternative that meets the needs of investors and issuers in support of affordable mortgage finance,” said Ginnie Mae President Alanna McCargo.

More details regarding Ginnie Mae’s transition from LIBOR can be found in the recently published 2021 Annual Report​.

About Ginnie Mae

Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.