The Federal Reserve Bank of New York Announces Eligibility of CMBS and Insurance Premium Finance Loans for TALF’s June 2009 Subscription
May 5, 2009
On May 1, 2009, the Federal Reserve Bank of New York (FRBNY) announced that commercial mortgage-backed securities (CMBS) and insurance premium finance asset-backed securities will become eligible for the Term Asset-Backed Securities Loan Facility in June 2009. The announcement relates only to newly issued CMBS (issued on or after January 2009), not legacy CMBS that may be covered by a later FRBNY announcement in conjunction with the Legacy Securities Public-Private Investment Funds Program.
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