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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (216119)	8/18/2009 6:03:13 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

Sick.. while the amounts earmarked for CMBS are low, the last line tells it all: As of Aug. 12, the Fed’s loans under the program totaled $29.6 billion. The central bank gave the TALF an initial capacity of $200 billion, backed by $20 billion of funds from the Treasury’s Troubled Asset Relief Program to shield the Fed from losses Separately, the Fed is buying as much as $1.25 trillion of residential MBS this year to lower interest rates in housing which is nuts. Are they taking over the FNM balance sheet? on 1.25trillion in paper they can take a significant hit if these things devalue.