TALF Changes Show ‘Encouraging’ Signs, RMBS Eyed as Next Eligible Collateral on the Horizon
May 29, 2009
Narrowing spreads, increased investor interest and an uptick in secondary market activity have signaled a positive trend for the New York Federal Reserve’s Term ABS Loan Facility, industry experts said on a conference call hosted by the American Securitization Forum late last week. TALF doles out financing for investors buying newly issued, AAA-rated securities. It was originally...