The Fed’s Term Asset-Backed Securities Loan Facility, explained
Abstract: The Fed is lending up to $100 billion to lenders so that lenders may bundle and sell loans they’re making (residential mortgages excluded). When the loans are taken off lenders’ hands in this way, the lenders have more money to make more loans to people and businesses in the communities they serve.
Description: Full Text
Provider: Federal Reserve Bank of Cleveland
Publication Date: 2020-08-03