Fed Considering Extended TALF Loan Terms For CMBS Investors

deral Reserve is reportedly considering modifying the Term Asset-Backed Securities Loan Facility (TALF) to offer five-year loans to investors of commercial mortgage-backed securities (CMBS). The commercial real estate investor community is pushing for extended loan terms, but The Wall Street Journal [u][link=http://online.wsj.com/article/SB123991092969726305.html]reports[/link][/u] that Fed officials worry the inclusion of long-term loans will become an hinder the government's ability to untangle itself from the credit markets once the economy recovers. SOURCE: The Wall Street Jo


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