The Federal Reserve Bank of New York announced yesterday the results of November's Term ABS Loan Facility (TALF) operations supporting new and legacy CMBS.

The New York Fed received $1.42 billion loan requests for legacy CMBS and $72.2 million loan requests for newly issued CMBS. In total, investors requested $2.14 billion in loans in  November's CMBS TALF subscription, which is the fifth round. 

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