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GC Asia
Fed Lends $1.3 Bln Under TALF
The Federal Reserve has issued $1.3 billion in loans to investors to purchase existing commercial mortgage-backed securities under its Term Asset-Backed Securities Loan Facility.
The Federal Reserve has issued $1.3 billion in loans to investors to purchase existing commercial mortgage-backed securities under its Term Asset-Backed Securities Loan Facility. The Fed honored nearly all the $1.42 billion requested, but investors reportedly were confused by those that were rejected since the Fed had purchased
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