Posted on August 17, 2009 by Hunton & Williams LLP Print This Article

Term Asset-Backed Securities Loan Facility Extended

The Federal Reserve Board and Treasury Department jointly announced an extension to the Term Asset-Back Securities Loan Facility (commonly referred to as TALF), noting that they "do not anticipate any further additions to the types of collateral that are eligible for the facility," according to today's press release. TALF loans had previously been authorized through December 31, 2009, but today's move extends TALF loans against newly issued asset back securities and legacy commercial back securities through March 31, 2010. TALF loans against newly issued commercial mortgage back securities are now extended through June 30, 2010.
 
Click here for today's Federal Reserve Board and Treasury Department press release.
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