NY Fed begins taking CMBS TALF subscriptions

NEW YORK, Sept 17 | Thu Sep 17, 2009 8:13am EDT

NEW YORK, Sept 17 (Reuters) - The New York Federal Reserve on Thursday opened the subscription period for its Term Asset-Backed Securities Loan Facility aimed at opening up the market for commercial mortgage-backed securities.

The TALF subscription period will close at 3 p.m. ET.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.