Shearman And Sterling

Real Estate, Modern Skyscrapers

April 23, 2020

Malcolm Montgomery Quoted on SOFR Impact on U.S. Mortgage Market


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Partner Malcolm Montgomery (New York-Real Estate) spoke with about the potential impact of Libor’s replacement with SOFR on the U.S. mortgage market. 

“What the mortgage market can offer is inextricably tied to what derivatives can offer those same parties for their swap transactions. Even if you come up with a known-in-advance or forward-looking Libor-like replacement rate, if the derivatives market isn’t there, you can’t use it,” Malcolm said. 

Read “RFRs hit Main Street as Swiss banks launch Saron mortgages.”


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