TALF goes commercial & additional Mortgage loans

TALF goes commercial

The Federal Reserve announced on Friday that commercial mortgage-backed securities (CMBS) and securities backed by insurance premium finance loans as of June are eligible collateral for TALF participation. The additions are aimed at stimulating lending in the commercial real estate and small business sector by allowing private investors to purchase securities with a matching government investment. "The CMBS market came to a standstill in mid-2008," Fed officials said in a media statement. "The inclusion of CMBS as eligible collateral for TALF loans will help prevent defaults on economically viable commercial properties, increase the capacity of current holders of maturing mortgages to make additional loans, and facilitate the sale of distressed properties."

www.TexasHomesAndLoans.com and www.RealEstateMagician.net

Carlos Salinas
"Real Estate Magician"

Affordable Mortgage Solutions for a changing Market

TEXAS - As credit standards tighten and financial markets struggle to find the bottom, home buyers' ability to get an affordable mortgage has never been a more critical component in the real estate transaction. With consumer confidence at an all-time low it's become vital that Realtor's stay apprised as to what lending options are still available for their clients.

Let's face it, unless your buyers can get financing, you waste your time and theirs in helping them find the perfect home.

As a listing salesperson, you lose valuable selling time on the market while a buyer negotiates with a lender, only to have the loan fall through.

Though the entire mortgage landscape has changed, there are still many options to help consumers purchase a new home. To learn about mortgage products, just click Texas Realty Mortgages.


Carlos Salinas
"Real Estate Magician"