TALF Tracker

• Two Credit Card ABS Hit Mart 01/27/2010 11:42 PM  

  Two credit card securitizations, one eligible as collateral under the Term Asset-Backed Securities Loan Facility and another that is not, are out in the market.

• Investors Still Show Interest In TALF 12/18/2009 09:04 PM  

  Demand held steady for December's subscription period for the New York Federal Reserve's TALF program, with investors requesting $1.3 billion in loans to buy legacy commercial mortgage-backed securities.

• Revolver Covenants Blocking Second DDR TALF Bid 12/18/2009 09:02 PM  

  Corporate revolver covenants are holding up Developers Diversified Realty's second commercial mortgage backed securitization, with the Beachwood, Ohio-based real estate investment trust reportedly needing a waiver from its primary lenders before it has access to any more secured debt.

• Citigroup Priming New CMBS Transaction 12/07/2009 10:11 PM  

  Citigroup is stepping back into conduit lending with plans to launch its own commercial mortgage-backed securitization in the coming weeks.

• Citi Markets $1.5 Bln TALF ABS 12/02/2009 08:04 PM  

  Citi is marketing a $1.5 billion credit card securitization from its Omni shelf that will be eligible as collateral under the Term Asset-Backed Securities Loan Facility.

• MassMutual To Issue Equipment ABS TALF Deal 12/01/2009 10:12 PM  

  MassMutual Asset Finance will issue its first securitization of equipment loans and leases eligible as collateral under the Term Asset-Backed Securities Loan Facility.

• Latest TALF Rejections Perplex Investors 12/01/2009 09:59 PM  

  Bonds from three commercial mortgage backed securitizations were rejected by the New York Federal Reserve in November’s TALF subscription period, spiking investor concern over the lack of clarity being offered by the Fed in its selection of legacy assets into the program.

• TALF CMBS Subscription Requests Hit $2.1 Bln 10/22/2009 09:15 PM  

  The New York Federal Reserve has received more than $2.1 billion of loan requests to purchase legacy commercial mortgage-backed securities in October’s subscription period for the Term Asset-Backed Lending Facility.

• Industry Groups, Investors Lobby For TALF Expansion 10/20/2009 08:58 PM  

  A number of commercial real estate investors and industry trade groups are lobbying the New York Federal Reserve to broaden the parameters of the Term Asset-Backed Securities Loan Facility to include mezzanine and junior AAA-rated commercial mortgage-backed securities.

• T. Rowe Price Funds Tap Into TALF 10/14/2009 08:37 PM  

  T. Rowe Price has obtained no action relief from the Securities and Exchange Commission to set up a private fund as a temporary mechanism its funds can use to benefit from loans from the Federal Reserve under the Term Asset-Backed Securities Loan Facility.