Fed assurance on TALF will help CMBS market

07/13/2009 | Reuters

The Federal Reserve said Friday that most commercial mortgage-backed securities eligible for Term Asset-Backed Securities Loan Facility will also meet other Fed criteria. The clarification is expected to help eliminate confusion over whether some of the debt would be locked out of TALF this week. The assurance by the Fed "will help, but we expect the market will be cautious," Citigroup analysts said.

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