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UPDATE: TALF for Legacy CMBS: New York Fed Clarifies Requirements and Procedures as Initial Legacy CMBS Subscription Date Approaches |
July 23, 2009
Previously published on July 13, 2009
On Friday, July 10, the Federal Reserve Bank of New York (the "New York Fed") convened an informal conference call clarifying aspects of the operation of the Term Asset-Backed Securities Loan Facility ("TALF") for loans secured by eligible high-quality commercial mortgage-backed securities issued before January 1, 2009 ("Legacy CMBS").
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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