Ford Motor has increased its FORDO 09-E deal backed by automobile loans by more than 50%, from $1.027 billion to $1.58 billion, Dow Jones Newswires reports. The deal, which is not eligible for cheap financing under the Federal Reserve's Term Asset-Backed Securities Loan Facility, consists of a $602 million AAA-rated tranches, among others. Ford becomes the latest issue to avoid using the TALF program as spreads on these deals have tightened with the stabilization of the market.

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