WASHINGTON — The Federal Reserve's decision to expand, yet again, the terms of its securities lending facility with the aim to stabilize the commercial real estate market may be too little, too late.

The Fed is now letting top-rated commercial mortgage-backed securities packaged before 2009 to qualify as collateral for loans in its Term Asset-backed Securities Loan Facility, or Talf.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.