Financial Reform Watch

Fed Expands TALF to Commercial Mortgage Backed Securities

The Federal Reserve announced this afternoon that starting in June, commercial mortgage backed securities (CMBS) would be eligible assets for the Term Asset Backed Securities Loan Facility (TALF). The Fed is also expanding the term on some CMBS TALF loans to five years, up from three year terms for other assets. The Federal Reserve Bank of New York plans to set up a separate TALF subscription cycle for CMBS, which will occur later each month than the regular TALF cycle. The longer-term CMBS loans will also have larger haircuts.

Term Asset-Backed Securities Loan Facility (CMBS): Terms and Conditions

Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.financialreformwatch.com/admin/trackback/129669
Comments (0) Read through and enter the discussion with the form at the end
Blank Rome Government Relations LLC
Washington, DC
Watergate
600 New Hampshire
Avenue NW
Washington, DC 20037
v:
202.772.5800

f:
202.772.5858