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Article: Real Estate Roundtable Commends Federal Reserve's Expansion of the Term Asset-Backed Securities Loan Facility (TALF)
- Article from:
- U.S. Newswire
- Article date:
- May 1, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: REAL ESTATE EDITORS
Contact: Xenia (Ksen'ya) Jowyk, xjowyk@rer.org, or Scott Sherwood
sherwood@rer.org, both of Real Estate Roundtable, +1-202-639-8400
WASHINGTON, May 1 /PRNewswire-USNewswire/ -- The Real Estate
Roundtable today commended the Federal Reserve's decision to expand
the Term Asset-Backed Securities Loan Facility (TALF) to include
newly-issued, highly-rated commercial mortgage backed securities
(CMBS) as eligible collateral - beyond short-term auto, consumer,
student, and small business loan asset backed securities (ABS) that
already qualify - and to extend the term of the TALF program from
three years to a five-year term.
"The Fed's action to expand TALF is a bold, ...