Commentary: Fed may need to modify TALF to help CRE

02/23/2009 | Bloomberg

Analysts are warning that the Federal Reserve may be forced to relax the terms of its $1 trillion program intended to head off the collapse of the commercial mortgage-backed securities market. Experts told Bloomberg that preventing a steep increase in commercial loan defaults may require that the Term Asset-Backed Securities Loan Facility lend for five years instead of just three and accept as collateral existing debt, rather than just new securities.

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