$2.3 Billion in Commercial Mortgage Requests to Feds
SOURCE: Bloomberg.com
Investors asked the Federal Reserve for $2.3 billion of loans against commercial-mortgage-backed securities created before this year, an expansion from $668.9 million in its financing program’s first round a month earlier.
The central bank got no requests for newly issued bonds backed by loans on skyscrapers, shopping malls, apartments or hotels, the New York Fed said today on its Web site. That part of the Term Asset-Backed Securities Loan Facility, or TALF, hasn’t been used since its start three months ago.
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Investors asked the Federal Reserve for $2.3 billion of loans against commercial-mortgage-backed securities created before this year, an expansion from $668.9 million in its financing program’s first round a month earlier.
The central bank got no requests for newly issued bonds backed by loans on skyscrapers, shopping malls, apartments or hotels, the New York Fed said today on its Web site. That part of the Term Asset-Backed Securities Loan Facility, or TALF, hasn’t been used since its start three months ago.
Read full story »
