Rep. Paul Kanjorski, D-Pa., and 40 other congressmen are urging the Federal Reserve Board to extend its Term Asset-Backed Securities Loan Facility to provide "essential support" for the commercial real estate mortgage market.

The program is due to expire at yearend and the Fed just recently opened the special facility to finance purchases of newly issued and legacy commercial mortgage-backed securities.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.