September 27, 2021

Volume XI, Number 270

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September 24, 2021

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A Little More COFI

As previously reported, late last year the Federal Home Loan Bank of San Francisco (FHLB of San Francisco) announced that it would discontinue publishing the 11th District Weighted Average Cost of Funds Index (COFI) after the publication of the December 2019 COFI on January 31, 2020. Certain mortgage lenders use COFI as the index for their adjustable rate mortgage loans.

The FHLB of San Francisco recently announced that it will continue to publish COFI through the December 2020 COFI in January 2021.

Copyright © by Ballard Spahr LLPNational Law Review, Volume IX, Number 220
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About this Author

Richard J. Andreano, Jr. , Ballard Spahr Law Frim, Washington DC,  Business and Finance attorney, Mortgage Banking, Consumer Financial Services, Fair Lending

Richard J. Andreano, Jr., is the Practice Leader of Ballard Spahr's Mortgage Banking Group. He has devoted 30 years of practice to financial services, mortgage banking, and consumer finance law.

Mr. Andreano advises banks, lenders, brokers, home builders, title companies, real estate professionals, and other settlement providers on regulatory compliance and transactional matters, Federal Housing Administration (FHA) issues, and administrative examinations, enforcement actions and investigations. He also works with litigation counsel on devising strategies for defense of class action...

202.661.2271
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