Fed looks to revive real estate by changing TALF terms

05/1/2009 | Wall Street Journal, The

Federal Reserve officials hope that altering terms in the Term Asset-Backed Securities Loan Facility will reignite the market of commercial real estate, sources said. TALF offers investors low-cost, three-year loans to invest in securities backed by auto loans, credit card debt and other consumer debt. The Fed is preparing to expand the program to include five-year loans.

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