• UPDATE: TALF for Legacy CMBS: New York Fed Clarifies Requirements and Procedures as Initial Legacy CMBS Subscription Date Approaches
  • July 23, 2009
  • Law Firm: Cadwalader, Wickersham & Taft LLP - New York Office
  • On Friday, July 10, the Federal Reserve Bank of New York (the "New York Fed") convened an informal conference call clarifying aspects of the operation of the Term Asset-Backed Securities Loan Facility ("TALF") for loans secured by eligible high-quality commercial mortgage-backed securities issued before January 1, 2009 ("Legacy CMBS").