Fed may need to recast TALF on commercial real estate credit

The Federal Reserve may need to loosen the terms of a new $1 trillion credit initiative aimed at averting a meltdown in commercial mortgage-backed securities, analysts and industry representatives said. The Fed would prop up the CMBS market by lending against the securities for a five-year term rather than three years, and taking as collateral existing ...

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Fed may need to recast TALF on commercial real estate credit

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