The Federal Reserve has been asked by the investors, for loans making an amount of $2.3 billion, against commercial-mortgage-backed securities created before this year, an expansion from $668.9 million in its financing program.
According to the New York Fed, the central bank got no requests for newly issued bonds backed by loans on skyscrapers, shopping malls, apartments or hotels. That part of the Term Asset-Backed Securities Loan Facility, or TALF, hasn’t been used since its start three months ago.
