The American Securitization Forum (ASF) held its Sunset Seminar last week reporting on the progress of the Term Asset-Backed Loan Facility (TALF) program just as the Federal Reserve announced it would incorporate legacy CMBS assets as part of the CMBS leg of the program.

The May TALF subscription round supported more consumer ABS deals than the previous two subscriptions combined, with $13.6 billion. More than 70 percent was financed through TALF, reported the ASF. TALF supported the issuance of new credit card, auto, student loan, and equipment ABS.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.