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Fed's Lockhart: commercial property woes pose risk

NASHVILLE, Tenn
Sat Apr 18, 2009 5:28pm EDT

NASHVILLE, Tenn (Reuters) - The problems in the U.S. commercial real estate market are a real risk for the economy, the president of the Federal Reserve Bank of Atlanta said on Saturday.

Housing Market

Dennis Lockhart said the Fed is still considering adding commercial mortgage backed securities as an asset class in the Term Asset-Backed Securities Loan Facility, but that the "details have not been fully worked out."

Lockhart was chairing a panel on banking and real estate at a conference in Nashville, Tennessee.

(Reporting by Kristina Cooke; Editing by Leslie Adler)
Housing Market


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