Investors Request $2.1B Under TALF’s Legacy CMBS Program

Investors requested $2.1 billion in loans under the Term Asset-Backed Securities Loan Facility's (TALF) legacy commercial mortgage-backed securities (CMBS) program in October.

The loan requests, which are part of the Federal Reserve's fourth round of TALF lending, are an increase from September's legacy CMBS facility total of $1.4 billion.

No loans were requested under the new-issue CMBS portion of TALF.

SOURCE: New York Fed

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