TALF assistance may be unneeded for upcoming CMBS issues

11/23/2009 | CNNMoney

The commercial mortgage-backed securities market might be ready to continue its comeback without any more special financing under the federal Term Asset-Backed Securities Loan Facility. Two new CMBS issues recently have been warmly received by public-debt markets with little or no support from TALF. "While legacy TALF is wildly successful and helped orchestrate significant stability back to market and spreads tightened, TALF's role has diminished for new issuance," said Lisa Pendergast, head of CMBS strategy and risk at Jefferies.

View Full Article in:

CNNMoney

Published in Brief: