Fed may offer 5-year TALF loans at higher interest rate

04/9/2009 | Bloomberg

Investors may be able to finance the purchase of commercial-mortgage backed securities with TALF loans at a premium interest rate, if the Federal Reserve adopts a proposal to extend the term of some TALF loans to five years. CMBS industry lobbyists have been arguing for a lengthening of the maximum TALF loan's maturity to five years to head off a total collapse of the CMBS market.

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