Investors can request loans for commercial mortgage-backed securities on June 16 under an emergency program to unlock credit markets, the New York Federal Reserve said on Tuesday.


Commercial mortgage-backed securities are the latest asset class to be included in the Fed's Term Asset-Backed Securities Loan Facility, or TALF, which aims to lower borrowing costs for households and businesses.


The June 16 subscription period -- which will take place between 1 p.m. and 3 p.m. (EDT) -- includes only commercial mortgage-backed securities issued in 2009.