Groups Encourage Expansion of TALF To Include Legacy Non-Agency MBS
July 10, 2009
The government’s Term ABS Loan Facility has been a major contributor to the revival of the non-mortgage ABS market in recent months, and industry groups are pressing regulators to stick with their plans to expand the program to existing non-agency MBS to provide liquidity for a market that is still paralyzed. Industry trade groups commended the Federal Reserve Bank of New York, which is...