--- title: "New Data Integrity Check: Warning for LIBOR-Based ARMs Originated on or After October 1, 2020" description: Join the First American network of trusted title agents with comprehensive tools and resources. --- - Solutions - [Overview](https://docutech.com/solutions/) - [Document Solutions](https://docutech.com/solutions/document-solutions) - [eClosing](https://docutech.com/solutions/eclosing/) - [Document Generation](https://docutech.com/solutions/document-generation) - [Fulfillment](https://docutech.com/solutions/solutions-fulfillment) - Resources - [Overview](https://docutech.com/resources/) - [Solution Briefs](https://docutech.com/resources/solution-briefs) - [Request a Demo](https://docutech.com/docutech-request-a-demo) - [Compliance](https://docutech.com/resources/compliance) - [Blog](https://blog.docutech.com) - Partners - [Overview](https://docutech.com/partners/) - About Us - [Overview](https://docutech.com/about-us/) - [Contact Us](https://docutech.com/about-us/contact-us) - Let's Talk - Solutions - [Overview](https://www.docutech.com/solutions?hsLang=en) - [Document Solutions](https://www.docutech.com/solutions/document-solutions?hsLang=en) - [eClosing](https://www.docutech.com/solutions/eclosing?hsLang=en) - [Document Generation](https://www.docutech.com/solutions/document-generation?hsLang=en) - [Fulfillment](https://www.docutech.com/solutions/solutions-fulfillment?hsLang=en) - Resources - [Overview](https://www.docutech.com/resources?hsLang=en) - [Solution Briefs](https://www.docutech.com/resources/solution-briefs?hsLang=en) - [Request a Demo](https://www.docutech.com/docutech-request-a-demo?hsLang=en) - [Compliance](https://www.docutech.com/resources/compliance?hsLang=en) - [Blog](https://blog.docutech.com/) - Partners - [Overview](https://www.docutech.com/partners?hsLang=en) - About Us - [Overview](https://www.docutech.com/about-us?hsLang=en) - [Contact Us](https://www.docutech.com/about-us/contact-us?hsLang=en) # New Data Integrity Check: Warning for LIBOR-Based ARMs Originated on or After October 1, 2020 Mar 4, 2020 Topics: [Document Updates](https://compliance.docutech.com/tag/document-updates) The GSEs have announced that they will not purchase an ARM, with an application date on or after October 1, 2020, which uses LIBOR as its index. To raise awareness of this fact, we have created a new, global data integrity check warning which will display the following: “FNMA and FHLMC will not purchase LIBOR index-based ARMs with application dates on or after October 1, 2020 (see FNMA LL-2020-01 & FHLMC Bulletin 2020-1).” This warning will trigger under the following conditions: - When new field “Application Date On or After 10/01/2020” (FI 138621) equals “Yes”; - “Base Type” (FI 2274) equals “Conventional”; and - “ARM Index” (FI 2278) equals any of the following: - “1 Yr WSJ LIBOR” - “6 Mo FNMA LIBOR” - “6 Mo WSJ LIBOR” - “1 Mo WSJ LIBOR” - “3 Mo WSJ LIBOR” Please note that this warning is simply a warning and will **not** prevent the creation of loan documents for the aforementioned ARMs, since clients may still sell these loans to other investors or keep them in-house. This warning will go into effect immediately. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584. *TW 286961* [Return to Blog](https://compliance.docutech.com) ### Stay informed. --- Subscribe to emails to get notified when new content is published. ### Category / Topics [Document Updates](https://compliance.docutech.com/tag/document-updates) ### Recent Posts #### [Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)](https://compliance.docutech.com/document-updates-wyoming-notice-and-explanation-of-fee-increase-tridcx19752-and-wyoming-notice-and-explanation-of-fee-increase-cx16634) Mar 4, 2020 #### [Document Updates: New Jersey Notarial Certificate](https://compliance.docutech.com/document-updates-new-jersey-notarial-certificate) Mar 4, 2020 #### [Document Updates: MD Loan Commitment (Cx4174) and MD Financing Agreement (Cx2171)](https://compliance.docutech.com/document-updates-md-loan-commitment-cx4174-and-md-financing-agreement-cx2171) Mar 4, 2020 The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action. 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