Fed to include existing, new CMBS in TALF

05/20/2009 | Wall Street Journal, The

The Federal Reserve said the Term Asset-Backed Securities Loan Facility will be expanded to include existing commercial mortgage-backed securities as well as newly issued ones. The move spurred a rally in the market of the securities. In July, the Fed will begin offering investors loans through TALF to purchase CMBS.

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Wall Street Journal, The

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