Treasury Secretary Timothy Geithner’s national economic rescue plan may be too late for commercial real estate, which is now experiencing the slump that previously hit the residential market. Geithner wants to expand a federal lending program that purchases commercial mortgage-backed securities. But experts said that people still don’t have enough confidence to re-enter the securitized mortgage market, even with increased federal involvement.
Geithner’s plan may be too late for commercial real estate
February 12, 2009 10:38AM