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TALF, Legacy CMBS, and Commercial Real Estate Lending
The Fed announced Tuesday that previously issued (legacy) commercial mortgage-backed securities (CMBS) will become eligible collateral for the Term Asset-Backed Securities Loan Facility (TALF). This...
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The Return of CMBS
The first new Commercial Mortgage Backed Securities in nearly two years were sold this week. According to press reports, the deal was heavily oversubscribed, and with the securities offering a...
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