ICSC asks Congress to extend TALF subscription deadline

07/17/2009 | SCT Newswire

ICSC has joined other industry groups calling for Congress to extend the subscription deadline for the Term Asset-Backed Securities Loan Facilities program. "Many banks simply are not making commercial real estate loans and there is no secondary market for commercial mortgages, ICSC said. "The $900 billion CMBS market is locked up, despite a relatively low delinquency rate."

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