MBA; “Include Commercial Mortgage Backed Securities in TALF”

Reuters is reporting (click here to read the Reuters report) that the Mortgage Bankers Association (MBA) is lobbying the Government to expand the TALF (Term Asset-Backed Loan Facility) to cover commercial mortgage backed securities (CMBS) in addition to the residential variety.

We are not big on Government intervention but acknowledge the magnitude of the problems facing the mortgage bond market.

Commercial mortgage loans are generally written in 5,7 or 10 year terms. Hundreds of billions of dollars worth of loans originated in ’00-’06 are coming due over the next few years. These loans must be refinanced or the banking system will be faced with a commercial mortgage crisis just as it begins to recover from the residential mortgage debacle.

Commercial Morgage Loans From $1MM+ Visit MasterPlan Capital LLC and Apply Online


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