• TALF for Legacy CMBS: New York Fed Releases Terms and Conditions and FAQs
  • June 12, 2009
  • Law Firm: Cadwalader, Wickersham & Taft LLP - New York Office
  • 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").