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Results: 1-10 of 10

FDIC closes pilot securitization of performing single-family mortgages

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 30 2010

Today, the FDIC announced the closing of a $471.3 million securitization of performing single-family mortgages from 16 failed banks

Key members of the House Financial Services Committee introduce US covered bond legislation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 19 2010

Yesterday, key members of the House Financial Services Committee, Ranking Member of the Capital Markets Subcommittee, Scott Garrett, (R-NJ), Chairman Paul Kanjorski, (D-PA) and Ranking Member Spencer Bachus (R-AL), introduced the United States Covered Bond Act, that “aims to help facilitate a robust covered bonds market in the U.S. to add liquidity and certainty to our nation's capital markets.”

FDIC closes $1.8 billion private securitization of senior notes backed by RMBS

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 12 2010

Today, the Federal Deposit Insurance Corporation (FDIC) announced the close of a Rule 144A sale of $1.8 billion principal amount of notes backed by 103 non-agency residential mortgage-backed securities (RMBS) from seven failed bank receiverships

Federal Reserve adopts changes in rating agency criteria for TALF ABS

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 7 2009

Today, the Federal Reserve announced the adoption of a final rule that establishes guidance for the Federal Reserve Bank of New York (FRBNY) in "determining the eligibility of credit rating agencies" for the Term Asset-Backed Securities Loan Facility (TALF

Federal Reserve and Treasury announce further extension of TALF

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 17 2009

This morning, the Federal Reserve and Treasury jointly issued releases announcing the extension of the Term Asset-Backed Securities Loan Facility (TALF

Federal Reserve expands TALF to include legacy commercial mortgage-backed securities

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 19 2009

Today, the Federal Reserve Board announced the expansion of the Term Asset Backed Securities Loan Facility (TALF) to include "certain high-quality commercial mortgage-backed securities or legacy CMBS issued before January 1, 2009" beginning in July

Federal Reserve expands TALF to include commercial mortgage-backed and insurance premium finance loan securities

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 1 2009

Today, the Federal Reserve Board (Federal Reserve) announced the expansion of the Term Asset-Backed Securities Loan Facility (TALF) to include securities backed by insurance premium finance loans and commercial mortgage-backed securities (CMBS

European Commission approves UK Asset-Backed Securities Guarantee Scheme

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • April 22 2009

Yesterday, the European Commission (EC), pursuant to the EC Treaty state aid rules, approved the UK’s Asset-Backed Securities Guarantee Scheme which is "intended to expand the funds available to banks to promote lending to homebuyers and homeowners

TALF subscription deadline extended

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 13 2009

Today, the Federal Reserve Bank of New York (FRBNY) announced that it "will extend the window for the first subscriptions for funding from the Term Asset-Backed Securities Loan Facility (TALF) by two days"

Treasury and Federal Reserve launch Term Assert-Backed Securities Loan Facility

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 3 2009

This morning the Department of Treasury and the Federal Reserve announced the launch of the Term Assert-Backed Securities Loan Facility (TALF), including revised Terms and Frequently Asked Questions