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ARTICLE · 30 MARCH 2009

The Latest on TALF

Mayer Brown
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Since our latest Client Update on the Term Asset-Backed Securities Loan Facility (TALF), the program has evolved in important ways.

United StatesFinance and Banking
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Originally published March 27, 2009

Keywords: TALF, Asset-Backed Securities Loan Facility, Federal Reserve Board, eligible collateral, TALF loans, residential servicing mortgages, loans and leases, business equipment, fleet leases, floorplan loans, PPIP

Since our latest Client Update on the Term Asset-Backed Securities Loan Facility (TALF), the program has evolved in important ways. For example, on Thursday, March 19, the Federal Reserve Board expanded the set of eligible collateral for TALF loans to include securities backed by four additional asset categories:

  • Residential mortgage servicing advances (which were added partly as a result of Mayer Brown's advocacy on behalf of a group of interested clients);

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