11/18/2009

The Federal Reserve Bank of New York said investors requested $2.14 billion in loans under the Term Asset-Backed Securities Loan Facility. Only $72.2 million of that total is earmarked for the first commercial mortgage-backed securities issue since 2008. The development indicates that investors saw the Developers Diversified Realty deal, a $400 million CMBS, as solid enough to purchase without Fed backing, analysts said.

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