Client Alert
How Commercial Mortgage Loans Are Affected By The Emergency Economic Stabilization Act of 2008
October 4, 2008
The Emergency Economic Stabilization Act of 2008 (“EESA”) was enacted by the House of Representatives today and signed by the President. The Act provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets from financial institutions. The Act addresses the purchase of troubled assets in the form of both residential and commercial mortgages as well as securities backed by those mortgages.
This Client Alert addresses how commercial mortgage loans are affected by the Act. To read the full Client Alert, click here.
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