Investors recently took down 2.3 billion dollars in TALF loans under the August Federal Reserve’s Legacy CMBS Term ABS Loan Facility, representing an impressive increase from the modest July subscriptions of 668 million. Over the past few months, we have seen CMBS AAA spreads tighten, although at this writing this trend seems to have abated,… Continue Reading
Tag Archives: TALF
Release of the “Stress Test”: Will it Relieve the Stress?
Posted in Good Times for Lenders, Market Trends, Tough Times for LendersWe’ve now had a few weeks to review and react to the release by the Board of Governors of the Federal Reserve Systems stress test. See The Supervisory Capital Assessment Program: Overview of Results, dated May 7, 2009. The Fed goes out of its way to state what the stress test IS, and what it is… Continue Reading