Industry Groups, Investors Lobby For TALF Expansion October 20, 2009

A number of commercial real estate investors and industry trade groups are lobbying the New York Federal Reserve to broaden the parameters of the Term Asset-Backed Securities Loan Facility to include mezzanine and junior AAA-rated commercial mortgage-backed securities. The program accepts only senior AAA-rated tranches of new and vintage deals. "It's the lower tranches that need help," said Amy Levenson, a managing director at New York-based NewOak ...

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