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"

Leading Cause of Financial Crisis for an American family

Do you know what the leading cause of financial crisis for an American family are? It could that one event in their lives derails them ie. A loss of a job, an illness etc, or it could be a series of events.

According to the Debt Solutions of American average client profile, the cause of financial problems are broken down accordingly:

Excessive use of credit / Over Obligation: 39%

Reduced Income / Unemployment: 24%

Poor Money Management : 15%

Divorce / Separation: 8%

Other: 14%

Carlos Salinas
"Real Estate Magician"