1/5/2010

The federal government's Term Asset-Backed Securities Loan Facility, which began in March, has helped bolster lending for automobiles, according to this article. With the program scheduled to end in March, experts say the prospects for the market for securitized auto loans will depend on the economic recovery. The proportion of asset-backed loans requiring TALF support has been steadily declining, however, providing positive momentum for the market.

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