First CMBS sale via TALF is on track as Fed's concern eases

11/4/2009 | Wall Street Journal, The

Federal Reserve officials had raised concerns about a closely watched commercial mortgage-backed securities transaction, but the central bank now indicates that its worry is easing. The Developers Diversified Realty Corp. debt sale is expected to be a test for the U.S. government's Term Asset-Backed Securities Loan Facility. The real estate industry hopes the debt sale will lead to similar deals.

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Wall Street Journal, The

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