The Federal Reserve said on Monday it was extending to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market.
In a joint announcement with the Treasury Department, the Fed said it would extend its Term Asset-Backed Securities Loan Facility (TALF) to June 30 for newly issued commercial mortgage-backed securities.
Monday, August 17, 2009
Fed, Treasury extend TALF to mid-2010 for CMBS
Reuters reports:
