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Results: 1-6 of 6

TALF is expanded to include legacy commercial mortgage-backed securities and Treasury says the public-private investment program is to be operating within six weeks

  • Hogan Lovells
  • -
  • USA
  • -
  • May 22 2009

The Federal Reserve Bank of New York announced on Tuesday, May 19 that the Term Asset- Backed Securities Loan Facility (TALF) will be expanded to include commercial mortgage-backed pass-through securities issued before January 1, 2009 (each a Legacy CMBS

TALF is expanded to include commercial mortgage-backed securities

  • Hogan Lovells
  • -
  • USA
  • -
  • May 7 2009

The Federal Reserve Bank of New York (New York Federal Reserve) announced on Friday, May 1 that the Term Asset-Backed Securities Loan Facility (TALF) will be expanded to include commercial mortgage-backed pass-through securities (each a CMBS

Providing clarity about the Public-Private Investment Program (PPIP): the alphabet soup of the federal government's investment in the U.S. financial system thickens

  • Hogan Lovells
  • -
  • USA
  • -
  • March 25 2009

Below we provide a bit of clarity and understanding to Treasury Secretary Timothy Geithner’s announcement of the Public-Private Investment Program (PPIP) for "legacy" assets

New York Federal Reserve expands types of collateral eligible under TALF

  • Hogan Lovells
  • -
  • USA
  • -
  • March 20 2009

The Federal Reserve Bank of New York (New York Federal Reserve) announced that The Term Asset-Backed Securities Loan Facility (TALF) will be expanded for the April funding date to include financing for purchases of eligible AAA-rated asset-backed securities backed by (i) mortgage servicing advances; (ii) loans or leases relating to business equipment; (iii) leases of vehicle fleets; and (iv) floorplan loans

New York Federal Reserve extends TALF program initial subscription date and further modifies loan terms

  • Hogan Lovells
  • -
  • USA
  • -
  • March 16 2009

The Term Asset-Backed Securities Loan Facility ("TALF") is intended to stimulate the securitization markets, and ultimately the underlying consumer and small business loan markets, by providing government financing for purchases by qualified borrowers of eligible AAA-rated asset-backed securities

Revised TALF terms: what it means and initial dates for TALF funding

  • Hogan Lovells
  • -
  • USA
  • -
  • March 6 2009

After months of questions and anticipation, the Federal Reserve Bank of New York has at last set the initial subscription date for the Term Asset-Backed Securities Loan Facility ('TALF') to be Tuesday, March 17, 2009, and the initial loan settlement date to be Wednesday, March 25, 2009