The Federal Reserve Board announced Tuesday it is prepared to increase its Term Asset-Backed Securities Loan Facility (TALF) to as much as $1 trillion, in an effort to provide additional assistance to financial markets and institutions in meeting the credit needs of households and businesses.
The expansion could broaden eligible collateral to include other types of highly-rated asset-backed debt such as commercial real estate and certain types of residential mortgage-backed securities, according to the Fed’s statement. An expansion of the TALF would be supported by additional funds from the Troubled Asset Relief Program.
Tuesday, February 10, 2009
Fed Expands TALF Five-Fold
The Housing Wire reports:
