The recent reversal of some positive technical conditions in the CMBS market supports the need for clarification of the Public-Private Investment Program (PPIP) supporting the sector as well the extension of the TALF program, according to a NewOak Capital report.

"While I think that the extension of TALF for CMBS into 2010 is a positive, we'll need some more clarity around PPIP in order for the market to get back on track," said Craig Lieberman, managing director and co-head of commercial real estate at NewOak Capital.

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