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- 1.New York Fed to Consider Limiting TALF Loans Secured by CMBS
- Publish Date
- 25 Aug 2009
- Organisation
- Akin Gump Strauss Hauer & Feld LLP
- Summary
On August 18, 2009, the Federal Reserve Bank of New York (New York Fed) announced that it may limit the volume of Term Asset-Backed Securities Loan Facility (TALF) loans secured by legacy commercial mortgage-backed securities (CMBS), and that it is considering whether to allocate such volume via an auction or another procedure.
- Jurisdictions
-
- United States
- Sectors
-
- Banking & Finance
- Structured and Asset Finance
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