Following up with more information on TALF:
New CMBS Issues Will Become Eligible for Government Aid at Mid-Month, But Some Fear S&P Action Could Blunt TALF's Ability to Restore Liquidity
With commercial mortgage securities poised to become eligible for government help later this month, investor interest in the Federal Reserve's fledging loan program to restore liquidity to frozen capital markets reached a new high in the latest round of subscription requests announced this week.
Demand for loans under the Term Asset-Backed Securities Loan Facility (TALF) reached $11.5 billion in the fourth round of requests that ended June 2 -- up from May's $10.9 billion and a 145% increase over March, the first month of the program, according to the Fed. Investors applied for $4.7 billion in March and a paltry $1.7 billion in April as reported in CoStar Advisor a few weeks ago.
Read more on this great information at:
http://www.costar.com/news/Article.aspx?id=EC91A9E97D07EBAD66BCD671A1A1B33F
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