TALF Update: Fed gets $2.3 billion in Commercial Loan Requests
By Jody Shenn on Bloomberg.com
Aug. 20 (Bloomberg) — 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.
Comment: David Repka is a Principal with Bison Financial Group in St Petersburg, Florida. He has been in the commercial real estate and mortgage business for over 20 years. Attached is a link of his commentary on the loan request to the Fed and the current state of the market. Its is worth a read.
