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TALF for Legacy CMBS: New York Fed Releases Terms and Conditions and FAQs by Cadwalader, Wickersham & Taft LLP - New York Office
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June 12, 2009
Previously published on May 20, 2009
May 20, 2009 Yesterday afternoon, the Federal Reserve Board (the "Fed") announced that, beginning in July 2009, certain high-quality commercial mortgage-backed securities issued before January 1, 2009 ("Legacy CMBS") will become eligible collateral under the Term Asset-Backed Securities Loan Facility ("TALF").
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