Securitization

TALF Popularity Rises 

Investor interest in the asset-backed securitization market reached a record high yesterday in the Federal Reserve’s records. The Federal Reserve Bank of New York late Tuesday said it received $11.45bn in additional loan requests by investors interested in participating in the Term Asset-Backed Lending Facility (TALF). These requests, if granted, put billions of dollars into the hands of institutional investors to buy up new ABS within certain categories, in turn encouraging more lending and securitization, which regulators say will keep credit flowing.