TALF expansion may not be enough to help CRE:

05/6/2009 | GlobeSt.com

The Term Asset-Backed Securities Loan Facility could expand into a $1 trillion program as a result of the Federal Reserve's decision to expand it to include securities backed by commercial mortgages. Despite the expansion, the program may not go far enough to help markets. "Expanding and allowing for the five-year terms on loans is absolutely necessary, but there may be other things policymakers need to do," said Sam Chandan, president of Real Estate Economics.

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