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Real Estate & Property Law

: Housing Wire

Fed Looks to Ease Burden of Servicing Advances

By PAUL JACKSON

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The Fed’s new Term Asset-Backed Securities Loan Facility (TALF) was expanded late Thursday to include asset-backed securities backed by mortgage servicing advances — the latest attempt by government officials to free up capital among strapped servicing operations being asked to shoulder much of the financial burden of bulk loan modifications and foreclosure moratoria. Mortgage servicing advances [...]

Full post as published by Housing Wire on March 20, 2009 (boomark / email).

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