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TALF Now to Cover Servicing Advances.
Washington-The Federal Reserve Board has expanded its new Term Asset-Backed Securities Loan Facility (TALF) lending facility to help cash strapped mortgage servicers that pay advances to MBS investors to cover missed payments by delinquent homeowners.
Starting in April, the Fed's TALF will start accepting servicing advances as collateral in asset-backed securities.
Details for the first TALF funding ...
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