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2009-08-21 — housingwire.com
Investors put in bids for $2.28bn in loans to purchase so-called “legacy†commercial mortgage-backed securities (CMBS) on Thursday. The bids, made through the Federal Reserve’s Term Asset-Backed Securities Loan Facility for CMBS, came in at 340% of the $668.94m of bids in the July 16th facility.
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